News Corp profit falls 75%, thanks pay TV | Disney loses $1.5B..with celebrations | Binance eats crypto nemesis FTX

What the Flux

English - November 09, 2022 18:00 - 5 minutes - 5.41 MB - ★★★★★ - 12 ratings
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Previous Episode: Westpac's disappointing $5.3B profit | Estee Lauder's 11% drop | $96M for social travel app

Next Episode: $18 billion for Origin Energy | RM Williams = green machine | Meta cuts deep (ie 11,000 humans)

News Corp, the media behemoth, has seen its income fall 75% in the last quarter after a major drop in its pay TV and publishing divisions.

Disney celebrated growth in its streaming subscribers in the last quarter… but lost over $1.5 billion USD to get there.

Binance, the largest crypto exchange in the world, has just announced a plan to take over FTX, the third largest crypto exchange, in one of the biggest pieces of crypto news…EVER!

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