Unprofitable

Technology

Sources: Amazon launches a cost-cutting review focused on unprofitable businesses, including devices unit, which had a $5B annual operating loss in recent years (Wall Street Journal)

[ad_1] Wall Street Journal: Sources: Amazon launches a cost-cutting review focused on unprofitable businesses, including devices unit, which had a…

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Technology

The most efficient bitcoin mining machines are selling for ~$24 per 100 terahashes, down from $106 in 2021, as unprofitable miners are forced to sell equipment (Paul Vigna/Wall Street Journal)

[ad_1] Paul Vigna / Wall Street Journal: The most efficient bitcoin mining machines are selling for ~$24 per 100 terahashes,…

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Technology

Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based mining for most cryptocurrencies becomes unprofitable after Ethereum's Merge (Michael Kan/PCMag)

[ad_1] Michael Kan / PCMag: Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based…

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Enterprenuers

‘Don’t be a hero’ — Cramer says unprofitable stocks may have even more room to fall

[ad_1] Investors should continue to shun money-losing companies, CNBC’s Jim Cramer said Thursday, contending the turbulence that dominated earlier this…

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Enterprenuers

Cramer’s lightning round: Can’t recommend ChargePoint because it’s unprofitable

[ad_1] Veru: “No, [I don’t think Veru shares will increase as much as Moderna’s did if Veru’s Covid treatment receives…

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