breakeven

Solana Labs co-founder teases possibility of third mobile device Jacquelyn Melinek 16 hours Last month, Solana Mobile’s flagship web3 smartphone, the Saga, sold out. Last week the Solana Labs’ subsidiary launched its second phone and got over 40,000 preorders in less than a week. But the company is not slowing down anytime soon. “After Saga sold out, it felt like there’s an opportunity and the timing in the market was right,” Anatoly Yakovenko,…

By U.S. Department of Energy July 10, 2023A logical qubit is embedded into the state space of a harmonic oscillator using the grid code, represented here by faces of the cube. Quantum error correction protects these grid states from corruption by a noisy environment, symbolized by the ray. Credit: Image courtesy of Polina ShmatkovaResearchers have achieved a major milestone in <span class="glossaryLink" aria-describedby="tt" data-cmtooltip="<div class=glossaryItemTitle>quantum…

Mehul Reuben DasDec 22, 2022 14:57:45 ISTElon Musk, the billionaire owner of Twitter has justified his extensive cost-cutting initiatives at the social media platform and said that the company is now on course to reach “cash flow break-even” sometime next year. Although Elon Musk says that Twitter will be ‘cash flow break-even’ in a year, advertisers, who are Twitter’s main revenue source have shied away from the platform since he took over. Twitter Blue, on the other hand, hasn’t generated as much money as Musk had…

Elon Musk said Twitter is now on track to be "roughly cash flow break-even" next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform.Twitter was previously tracking toward a "negative cash flow situation of $3 billion (nearly Rs. 24, 870 crore) per year" before the cost cuts, Musk said on Wednesday while speaking in a Twitter Spaces audio chat.Since taking over Twitter on October 27, Musk has laid off 50 percent of the company's employees and demanded remaining staff commit…

Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, expects to break even on its adjusted EBIDTA by the second half of 2024 as it accelerates toward profitability, company officials said. Its group adjusted EBIDTA loss is expected to be $380 million for the second half of 2022, a 27% improvement compared with the first half of the year. "Our cash position is not something that we take for granted. We will maintain a prudent stance in how we allocate and deploy our capital with this cash…