THE HASH: Meta Misses Q3 Revenue Estimates for Metaverse Division; Core Scientific's Bankruptcy Warning

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4.7 • 698 Ratings

🗓️ 27 October 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by ZenGo. The most valuable crypto stories for Thursday, Oct. 27, 2022. Meta Platforms (FB) reported third-quarter revenue of just $285 million in its Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations. That fell short of analyst expectations of $406 million. Plus, the world's largest bitcoin miner, Core Scientific (CORZ), warns that it may have to explore bankruptcy if it fails to improve its financial condition. See also: Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023 New NFT Marketplace Blur Closes in on OpenSea in 24-Hour Trade Volume Kazakhstan to Test National Digital Currency on BNB Chain, Binance CEO Zhao Says - This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode is sponsored by Zengo.
0:10.3	This is the hash podcast.
0:13.0	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with
0:18.2	stories that matter to the crypto world, all on the hash for your ears.
0:23.9	You're listening to the Coin Desk Podcast Network.
0:30.7	Hey there, happy Thursday. You're watching the hash on Coin Desk TV. We're going to talk about
0:35.8	the news of the day. And we have a special guest, Danny Nelson. Look at that guy. CoinDesk TV. We're going to talk about the news of the day.
0:39.8	And we have a special guest, Danny Nelson.
0:40.8	Look at that guy.
0:44.7	Coindex's Danny Nelson is here with us today.
0:47.1	And Will Foxley is here as well.
0:52.8	And Danny Nelson appears to maybe be dressed as Will Foxley in anticipation of Halloween,
0:54.1	but it's a bit unclear.
0:55.7	We just don't know what's going on.
0:57.3	All right, Jen is here as well.
0:58.3	She has the first story of the day.
0:59.9	I'm going to toss it to her for that.
1:02.2	I mean, it's really clear to me, Danny.
1:04.4	I think you look exactly like Will.
1:05.6	You really nailed it.
1:09.9	The stakes are pretty high for anyone who says that I don't look like the guy I say I look like. So you saw
1:11.5	my Netflix show. It's true. Oh, my God. All right. Well, let's head on over to the
	...

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