However, founder Bill Gates joked last month that, “Expensive digital images of monkeys” will “improve the world immensely,” referring ofc to Bored Ape NFTs. More broadly, Microsoft hasn't publicly adopted an anti-NFT position, especially given theirs and other tech companies' known attraction to the metaverse.Since, its devs have come out and tweeted they’re “not leaving”. Soon after the announcement, NFT Worlds – a project seeking to integrate NFTs onto Minecraft – saw its native token WRLD tank almost 70%. A game centered around blocks banning blockchains? Seems that way.To many, the decision seems a step away from web3 and the potential income NFTs can provide, but they’re not the first: last November, Steam banned any games from its marketplace that used NFTs. Minecraft banned NFTs from its game on Thursday, stating the “speculative pricing and investment mentality around NFTs takes the focus away from playing the game and encourages profiteering”.NFTs get sent to the The Nether Microsoft-owned development studio Mojang bans NFTs from Minecraft, Ender Pearling (that is, teleporting) away from web3. The tech giant reiterated previous calls for double-digit growth in its revenue and operating margins for the full year, and while current quarter guidance missed estimates, the company confirmed demand for its Cloud segment continues to grow and should help hold up the team. However, Microsoft logged into backyourself dot com and investors loved the confidence.On top of that, Microsoft battled a slowdown in Cloud revenue growth, the worst decline in PC shipments in years, supply disruptions in China, and lower video game sales. The dollar has been hitting fresh multi-decade highs this month, reducing revenue by $595m and earnings by $0.04 for the quarter. Worsening foreign-exchange rates was the biggest challenge this quarter. Microsoft shares lifted up to 5% in extended trading on Tuesday despite the company disappointing on both ends with EPS that was up 2% and missed estimates for the first time since 2016 at $2.23 per share, on revenue that saw its slowest growth since 2020, up 12% YoY to come in at $51.87bn.The dollar derails MSFT Currency concerns are weighing down big tech, but Microsoft investors put blinkers on to the bad news and focus on a “shockingly robust” forecast.
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