The launch of a much-anticipated advertising supported service this year, plus a crackdown on password sharing, could help reverse the company’s shocking subscriber losses and provide a new revenue stream, the thinking goes.
Financial technology stocks and sector-related exchange traded funds have taken a beating as the risk of a recession and the sell-off in the growth style weighed on the nascent industry.
Shares in the video-conferencing software have cratered, wiping out about $US135 billion ($189 billion) of market value. Analysts are calling for a rally.
/PRNewswire/ Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Metaverse ETF (VR). VR.