THE HASH: Meta Misses Q3 Revenue Estimates for Metaverse Division; Core Scientific’s Bankruptcy Warning

This episode is sponsored by ZenGo.

The most valuable crypto stories for Thursday, Oct. 27, 2022.

Meta Platforms (FB) reported third-quarter revenue of just $285 million in its Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations. That fell short of analyst expectations of $406 million. Plus, the world’s largest bitcoin miner, Core Scientific (CORZ), warns that it may have to explore bankruptcy if it fails to improve its financial condition.

See also

Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023

New NFT Marketplace Blur Closes in on OpenSea in 24-Hour Trade Volume

Kazakhstan to Test National Digital Currency on BNB Chain, Binance CEO Zhao Says

This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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