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Bloomberg Tech

Goldman Lost $1.2B and Bitcoin Rebounds

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 13 January 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down how Goldman Sachs' Platform Solutions unit racked up more than $1.2 billion dollars in losses in the first nine months of 2022. Plus, Bitcoin is seeing its best week since 2021.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore. I'm Caroline Hyde at Bloomberg's World Headquarters in New York.

0:45.6

And I made love low one more time this week in Manhattan next to my good friend.

0:49.1

This is Bloomberg Technology.

0:51.1

Goldman Sachs has once had a lofty goal of storming the consumer market with the

0:55.6

digital bank of the future.

0:57.5

Now all that's left is a unit that racked up more than $1.2 billion in losses, most of which

1:01.8

was linked to the high-profile apple cart.

1:04.8

And Bitcoin is back.

1:06.2

Well, sort of.

1:07.2

At least it's had the best week since 2021 after losing more than 60% of its value in

1:12.0

2022.

1:12.9

More on the rally later this hour.

1:15.0

And Tesla is slashing car prices,

1:17.0

this time in the US and some of Europe.

1:19.5

The EV Maker is trying to stroke demand,

1:21.9

but instead, stokes investor concern. We discuss but

1:25.8

first let's get to these markets a check in on the last day of trading in the

1:29.8

week of course ahead of what is going to be a shortened week next week as we take time off to

...

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