Shutterstock announced a net loss of $155.9 million for Q2 2026, primarily due to a $163.4 million non-cash goodwill impairment charge following the termination of a proposed merger. Revenue fell 17% to $221.8 million, driven by weaker new customer acquisition and declines in both Content and Data product offerings. The company is focusing on cost reductions and strategic assets to position for future growth, but has paused its earnings call and guidance amid a pending strategic update. Cash reserves decreased to $133.2 million, impacted by a $35 million FTC settlement and ongoing operational costs.
Boyaa Interactive, a Hong Kong-listed gaming company, purchased an additional 115 Bitcoin, increasing its total holdings to approximately 4,316 BTC. This move places Boyaa as the 22nd largest public company Bitcoin holder worldwide. The company acqui...
Six Flags has partnered with FinTech company Upgrade to launch Flex Pay, a buy now, pay later (BNPL) option for purchasing season passes. Guests can buy passes online for $49 or more and pay in fixed monthly installments while enjoying immediate acce...
President Donald Trump declared that Canadian aircraft maker Bombardier should be banned from selling planes in the US unless they are manufactured domestically. Trump criticized Canada for unfair trade restrictions on American companies and highligh...
Xverse, a self-custodial Bitcoin wallet, has launched a pooled Bitcoin staking product allowing users to earn Bitcoin-denominated yields without giving up control of their coins. The staking uses sBTC on the Stacks network paired with STX tokens, kee...
Lion Group Holding Ltd. announced it will change its American Depositary Shares (ADS) ratio from 1 ADS per 292,500 Class A shares to 1 ADS per 5,850,000 Class A shares, effectively a 1-for-20 reverse ADS split. This change will take effect around Sep...
