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02:02
Wikipedia Co-founder: Bitcoin Unlikely to Become Dominant Currency, Price May Fall Below $10,000 by 2050
According to Odaily, Wikipedia co-founder Jimmy Wales stated on social media that while the view that Bitcoin will "go to zero" may not be accurate, its long-term price outlook remains questionable. He pointed out that the Bitcoin network is relatively robust by design and could continue to operate unless there is a major cryptographic vulnerability or an extreme event such as a 51% attack. However, he believes that Bitcoin may not be able to achieve dominance as a currency or a store of value. Based on this assessment, Wales stated that by 2050, the price of Bitcoin could fall back to below $10,000 in today's value, or even lower.
02:00
California Department of Justice launches investigation into Paramount-Warner merger
Glonghui, February 27th|California Attorney General Bonta: The California Department of Justice has launched an investigation into the merger deal between Paramount and Warner Bros., and will conduct a rigorous review of the matter.
01:45
US Stocks Move|Intuit drops 4.7% in after-hours trading as current fiscal year revenue and adjusted EPS guidance fall short of expectations
Gelonghui, February 27th|Tax software manufacturer Intuit (INTU.US) fell 4.7% in after-hours trading to $376. In terms of news, Intuit announced that its revenue for the second fiscal quarter increased by 17.4% year-on-year to $4.65 billion, higher than the market expectation of $4.53 billion; adjusted earnings per share were $4.15, also higher than the market expectation of $3.68. The company maintained its quarterly dividend at $1.2 per share. Looking ahead to the third fiscal quarter, the company expects revenue to grow by 10% year-on-year to $8.53 billion, slightly above the market expectation of $8.52 billion; adjusted earnings per share are expected to be between $12.45 and $12.51, which is lower than the market expectation of $12.97. The company reaffirmed its full-year performance guidance, expecting revenue to be between $21 billion and $21.19 billion, and adjusted earnings per share to be between $22.98 and $23.18, while market expectations are $21.25 billion and $23.19, respectively.
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