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The Stellar Foundation has burned over 50% of the total XLM token supply, canceling airdrop programs

The Stellar Development Foundation (SDF) has burned a total of 55 billion Lumens (XLM), worth $4.4 billion, in a push to reshuffle its development strategy. The post The Stellar Foundation has burned over 50% of the total XLM token supply, canceling airdrop programs appeared first on The Block. …read more […]

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Preferred Apartment Communities: 3Q Earnings Snapshot

ATLANTA (AP) _ Preferred Apartment Communities Inc. (APTS) on Monday reported a key measure of profitability in its third quarter. The Atlanta-based real estate investment trust said it had funds from operations of $14.2 million, or 31 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. …read more […]

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UPDATE 1-Occidental misses 1st-qtr earnings estimates after Anadarko deal

Occidental Petroleum Corp on Monday missed earnings estimates in its first results after closing its $38 billion purchase of rival Anadarko Petroleum, and said it would slash spending on big projects by 40% next year. Occidental, which is battling pressure from activist investor Carl Icahn to accelerate asset sales to pay off debt, reported a third-quarter net loss of $912 million after a year-ago profit of $1.87 billion. The company is expected to hold a briefing on Tuesday to discuss its results. …read more […]

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Uber Puts the Brakes on Growth at Any Cost

(Bloomberg Opinion) — Uber Technologies Inc. seems to have decided to stop chasing stupid growth. This is exactly what investors wanted, yet the company’s latest results, announced on Monday, show how far Uber has to go to be sustainable and rational.In the third quarter, the total value of Uber rides, restaurant meal deliveries and other transactions increased 29% from a year earlier — the slowest rate of increase since Uber began reporting that figure. The total figure of $16.5 billion was also a little short of analysts’ expectations, as was the growth in average monthly customers using Uber services at …read more […]