Marathon Posts $1.3B Loss as Bitcoin's 18% Slide Cuts Q1 Revenue by $35M
Q1 2026 brought a $1.3 billion net loss driven by lower bitcoin prices, higher operating costs, and mark-to-market adjustments despite higher hashrate and debt reduction efforts.
Meta retreats from metaverse after virtual reality check
Meta is retreating from heavy virtual reality investments, cutting Reality Labs roles and commercial Quest sales while shifting corporate focus toward AI.
