Gemini shares plunge as crypto exchange posts huge losses
The Winklevoss twins’ crypto exchange saw shares tumble to $13.88 following disappointing Q3 results. The company is down roughly 70% from its September IPO high of $45.89.
Category: Business
South Africa’s manufacturing shows mixed signals in September
South Africa’s manufacturing production increased by 0.3% year-on-year in September according to official data. However, seasonally adjusted production actually decreased by 0.5% compared to August, showing mixed performance across different sectors.
China’s Smartphone Market Takes a Dip Before Singles’ Day Bounce
China’s smartphone market saw shipments drop to 66.6 million units in Q3 2025. Huawei maintained its top position ahead of Vivo and Xiaomi. The market is projected to rebound with Singles’ Day promotions.
Samsung’s Foundry Gamble: Profitability by 2027 or Bust
Samsung has set an ambitious 2027 deadline to turn its foundry division profitable while targeting 20% market share. The company is banking on 2nm GAA production and major deals with Tesla and Qualcomm. But with quarterly losses estimated at $1-2 billion, the path forward looks challenging.
PS5 Hits 84 Million, Ghost of Yōtei Sells 3.3 Million Copies
PlayStation 5 shipments have reached 84.2 million units according to Sony’s latest financial report. The company shipped 3.9 million consoles last quarter, slightly up from the same period last year. Ghost of Yōtei drove first-party software sales with 3.3 million units sold in its first month.
The Great Inversion: Why Emerging Market Bonds Are Suddenly Safer
According to analysis from Aviva Investors, the traditional risk premium on emerging market bonds is increasingly unjustified. Many EM economies now have better fiscal metrics and more orthodox policies than developed counterparts like the US and Japan. Yet they still trade at substantially higher y
Game Marketing Agency Admits To Fake Reddit Campaign
A game marketing agency openly detailed how it used fake Reddit accounts to create “organic” buzz for WarRobots: Frontiers. The CEO’s post revealing the strategy was quickly deleted after backlash, but the damage was done.
Meta’s $16 billion problem: Scammers are paying customers
A Reuters investigation uncovered that Meta estimates 10% of its 2024 revenue—$16 billion—comes from known or suspected scammers. Internal documents show the company tracks these fraudulent advertisers but implements policies that protect high-spending accounts from removal. The report suggests Meta
Hotel Booking Scam Hits Guests With Double Attack
Threat actors are using ClickFix attacks to steal hotel credentials, then contacting customers with legitimate reservation details to steal banking information. The campaign has been active since at least April 2025 and involves multiple malware families.
Apple’s $1 Billion Bet on Google AI Is a Dangerous Gamble
Apple is reportedly paying Google $1 billion per year to integrate Gemini AI into Siri. This creates unprecedented strategic dependency on its biggest rival. The deal signals Apple’s failure to build competitive AI technology internally.