Ex-SoftBank Rainmaker Naheta Picked to Head Bakkt's Turnaround Efforts
Naheta will also be part of the company's board and will work with Andy Main, the firm's current CEO, according to a statement from Bakkt Holdings on late Wednesday in the US.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Netflix sells out all ad time for Christmas NFL games
More than four months before Christmas, Netflix has already sold all its available commercial time for the two NFL games it will show on December 25. "For our two highly anticipated Netflix NFL games this December, we've sold out of all available in-game inventory and have closed sponsorships with multiple partners like Accenture, FanDuel, Google, and Verizon on in-game and broadcast features," Netflix said in a statement. One of the reasons live sports have become so attractive to the streaming providers is that viewers are much more willing to sit through ads while watching sports than they are for scripted programming. The NFL is both the most popular programming on American television and a sport in which fans have come to accept that commercial breaks are part of the deal. Netflix will show Cowboys-Commanders at 1 p.m. ET on Christmas Day, followed by Lions-Vikings at 4:30.
CNBC
6 minutes ago
- CNBC
3 charts that show Palantir's astronomical growth over the last five years
Palantir's astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more than 1,700%. At the same time, its valuation has broken new highs, dwarfing some of the world's technology behemoths with far greater revenues. The artificial intelligence-powered software company continued its ascent last week after posting its first quarter with more than $1 billion in revenue, reaching new highs and soaring past a $430 billion market valuation. Shares haven't been below $100 since April 2025. The stock last traded below $10 in May 2023, before beginning a steady climb higher. Retail investors are a key part of the stock's strength. Last month, retail poured $1.2 billion into Palantir stock, according to data from Goldman Sachs. Here's a closer look at Palantir's growth over the last five years and how the company compares to megacap peers. Government contracts have been one of Palantir's biggest growth areas since its inception. Last quarter, the company's U.S. government revenue grew 53% to $426 million. Government accounted for 55% of the company's total revenue but commercial is showing promise. Those revenues in the U.S. grew 93% last quarter, Palantir said. Still, one of the company's oldest customers is the U.S. Army. Earlier this month, the company inked a contract worth up to $10 billion for data and software to streamline efficiencies and meet growing military needs. In May, the Department of Defense boosted its agreement with Palantir for AI-powered battlefield capabilities by $795 million. "We still believe America is the leader of the free world, that the West is superior," Karp said on an earnings call earlier this month. "We have to fight for these values; we should give American corporations, and, most importantly, our government, an unfair advantage." The U.S. has been a key driver of Palantir's growth, especially as the company scoops up more contracts with the U.S. military. Palantir said the U.S. currently accounts for about three-quarters of total revenues. Commercial international revenues declined 3% last quarter and analysts have raised concerns about that segment's growth trajectory. Over the last five years, U.S. revenues have nearly quintupled from $156 million to about $733 million. Revenues outside the U.S. have doubled from about $133 million to $271 million. Palantir's market capitalization has rapidly ascended over the last year as investors bet on its AI tools, while its stock has soared nearly 500%. The meteoric rise placed Palantir among the top 10 U.S. tech firms and top 20 most valuable U.S. companies. But Palantir makes a fraction of the revenue of the companies in those lists. Last quarter, Palantir reported more than $1 billion in quarterly revenue for the first time, and its forward price-to-earnings ratio has surged past 280 times. By comparison, Apple and Microsoft posted revenue of $94 billion and $76 billion during the period, respectively, and carry a PE ratio of nearly 30 times. Forward PE is a valuation metric that compares a company's future earnings to its current share price. The higher the PE, the higher the growth expectations or the more overvalued the asset. A lower price-to-earnings ratio suggests slower growth or an undervalued asset. Most of the Magnificent Seven stocks, except for Nvidia and Tesla, have a forward PE that hovers around the 20s and 30s. Nvidia trades at more than 40 times forward earnings, while Tesla's sits at about 198 times. At these levels, investors are paying a jacked-up premium to own shares of one of the hottest AI stocks on Wall Street as its valuation has skyrocketed to astronomical heights. "This is a once-in-a-generation, truly anomalous quarter, and we're very proud," Karp said on an earnings call following Palantir's second-quarter results. "We're sorry that our haters are disappointed, but there are many more quarters to be disappointed."
Yahoo
22 minutes ago
- Yahoo
Treasury Secretary drops bombshell on Trump's Bitcoin reserve plans
Treasury Secretary drops bombshell on Trump's Bitcoin reserve plans originally appeared on TheStreet. U.S. Treasury Secretary Scott Bessent made some revealing comments regarding the Donald Trump administration's plan for the strategic Bitcoin reserve on Aug. 14. Bessent said the administration isn't going to buy Bitcoin assets to add to the reserve; instead, it will use confiscated assets for the reserve. The administration is going to stop selling its Bitcoin holdings, he added. "I believe that Bitcoin reserve at today's prices is somewhere between 15 and 20 billion." The administration is also going to keep treating gold as a "store of value" for the American people, Bessent said. The Treasury Secretary made these remarks during an interview on the "Mornings with Maria" show on Fox Trump has vowed to turn the U.S. into the crypto capital of the world and has taken several steps toward the goal. One such step was signing an executive order in March to establish a strategic Bitcoin reserve and a digital asset stockpile. As per BitcoinTreasuries, the U.S. holds 198,022 BTC. It marked a monumental step in the direction of institutional adoption of crypto assets, also underlined by the surge in demand for crypto exchange-traded funds (ETFs) and corporate crypto treasury strategies. The administration recently passed the GENIUS Act as well, and the CLARITY and Anti-CBDC Acts remain works in progress. Launched in 2009, Bitcoin is the world's largest cryptocurrency, which has a market cap of $2.35 trillion. The Treasury Secretary's remarks came on the heels of the king coin hitting a new all-time high (ATH) above $124,000. Treasury Secretary drops bombshell on Trump's Bitcoin reserve plans first appeared on TheStreet on Aug 14, 2025 This story was originally reported by TheStreet on Aug 14, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
