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Disney Plus adds 8 million subscribers—but it's still operating at a loss

Disney Plus adds 8 million subscribers—but it’s still operating at a loss

Disney+Photo: NICK AGRO/AFP via Getty Images When Disney first launched its streaming service Disney+ back in November of 2019, it did so with a long-term mindset. Streaming was, presumably, the future, and so the company was willing to burn a lot of money to catch up with more established performers in the industry—most notably Netflix, …

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Affirm stock soars as company tops revenue expectations 'despite volatile market conditions'

Affirm stock soars as company tops revenue expectations ‘despite volatile market conditions’

Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and an upbeat volume forecast in the face of “volatile market conditions.” The company posted a fiscal third-quarter net loss of $54.7 million, or 19 cents a share, compared with a loss of $287 million, or …

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MIT's 'Sun-in-a-Box' Uses Light as an Efficient Form of Energy

MIT’s ‘Sun-in-a-Box’ Uses Light as an Efficient Form of Energy

The thermophotovoltaic cell, also called a “heat engine,” is 1 square centimeter, but the research team behind it are looking to scale up. Photo: Felice Frankel Researchers at MIT have built a highly efficient thermophotovoltaic cell that, when paired with renewable resources, efficiently converts incoming photons—particles of light—to electricity. It’s an achievement that could inspire …

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Alphabet CEO Sundar Pichai: CNBC interview

Alphabet CEO Sundar Pichai: CNBC interview

CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told …

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Bitcoin (BTC) price falls below $27,000 as crypto sell-off intensifies

Bitcoin (BTC) price falls below $27,000 as crypto sell-off intensifies

Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project. The price of bitcoin plunged …

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NASA Releases Ridiculously Sharp Webb Space Telescope Images

NASA Releases Ridiculously Sharp Webb Space Telescope Images

NASA held a press conference Monday morning to discuss the precise alignment of the Webb Space Telescope and the spacecraft’s upcoming scientific operations. The space agency also released images from the telescope that put Webb’s progress on dazzling display. “I’m delighted to report that the telescope alignment has been completed with performance even better than …

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Ingenuity Mars Helicopter Went Silent, Leaving Anxious NASA Team in the Dark

Ingenuity Mars Helicopter Went Silent, Leaving Anxious NASA Team in the Dark

Late last week, NASA’s Ingenuity helicopter managed to reestablish its connection with the Perseverance rover following a brief communications disruption. The space agency says the looming winter is likely responsible and is making adjustments as a result. On Thursday, Ingenuity—mercifully—sent a signal to Perseverance after the intrepid helicopter missed a scheduled communications session. It marked …

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Uber to cut down on costs, treat hiring as a 'privilege': CEO email

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late …

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Europe's Space Agency Needs You to Find the Differences Between These Pictures

Europe’s Space Agency Needs You to Find the Differences Between These Pictures

Between 2014 and 2016, the European Space Agency‘s Rosetta spacecraft orbited and studied a comet hundreds of millions of miles from Earth, collecting data on the space rock’s structure and geology. Now, the ESA is asking the public to study images of the come and go differences in its surface features over time. The object …

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Europe's Space Agency Needs You to Find the Differences Between These Pictures

Europe’s Space Agency Needs You to Find the Differences Between These Pictures

Between 2014 and 2016, the European Space Agency‘s Rosetta spacecraft orbited and studied a comet hundreds of millions of miles from Earth, collecting data on the space rock’s structure and geology. Now, the ESA is asking the public to study images of the come and go differences in its surface features over time. The object …

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