Saturday, November 19, 2022

New FTX CEO says it will attempt to sell or reorganize its businesses after a review found that many of its subsidiaries have "solvent balance sheets" (Financial Times)

Financial Times:
New FTX CEO says it will attempt to sell or reorganize its businesses after a review found that many of its subsidiaries have “solvent balance sheets”  —  Many of collapsed crypto group's subsidiaries have ‘solvent balance sheets’, John Ray III says



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...