Friday, October 29, 2021

Huawei reports Q3 revenue fell 38% YoY to $21.2B, the fourth straight quarter of declining sales, and ~$2.3B net income, as US sanctions continue to bite (Bloomberg)

Bloomberg:
Huawei reports Q3 revenue fell 38% YoY to $21.2B, the fourth straight quarter of declining sales, and ~$2.3B net income, as US sanctions continue to bite  —  - Quarterly revenue declines 38% after blacklisting by the U.S.  — Weakness at consumer business is driving the sales drop



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Some crypto executives worry Trump's memecoin undercut the industry's credibility at the very moment crypto is seeking a prominent place in mainstream finance (New York Times)

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