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Adidas Shares Plummet As Losses Loom From Stockpile Of Unsold Yeezys Left After Kanye West Breakup

Adidas Shares Plummet As Losses Loom From Stockpile Of Unsold Yeezys Left After Kanye West Breakup

Share to FacebookShare to TwitterShare to LinkedinTopline Adidas shares plummeted Friday morning after the company said it could lose hundreds of millions of dollars this year from its failed partnership with rapper Kanye West, whose antisemitic remarks last year prompted the sportswear giant to sever ties and scrap their lucrative joint brand, Yeezy. Yeezy was…

Forbes Blockchain 50 2023

Forbes Blockchain 50 2023

Despite 2022’s crypto market collapse, dozens of enterprises around the world are still investing in blockchain, the distributed-database technology that underpins the entire sector because it helps their businesses operate better, faster or cheaper. Edited by Nina Bambysheva and Michael del Castillo Reported by Nina Bambysheva, Michael del Castillo, Steven Ehrlich, Chris Helman, Jeff Kauflin,…

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Bitcoin Is On the Rise as Bulls Return

Bitcoin evangelists may breathe.  They must tell themselves that their wildest predictions will probably come true.  For several days now, prices of the most popular cryptocurrency have been on the rise, breaking with a see-saw momentum seen since the bankruptcy of the FTX cryptocurrency exchange on Nov. 11. Bitcoin (BTC) prices were hovering around $20,749.71…