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Olga Karif

๐Ÿ‘ค Speaker
12 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

So, like you said, the Winklevoss twins that founded Gemini, they have been very strong supporters of President Trump.

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

And a lot of crypto companies went public this year.

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

as we've seen sort of deregulation and a more favorable regulatory environment towards the industry.

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

But the fact of the matter is that the company, Gemini, is unprofitable.

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

And some analysts basically don't expect it to become profitable until two or three years from now.

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

And what we've seen this quarter is that the losses widen partially because of this

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

IPO related expenses and marketing expenses.

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

But people are wondering sort of what about profitability?

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

When is that going to come?

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

And then they also have other businesses such as their credit cards have actually been on a roll and they've been able to grab a lot of new users through credit cards that essentially allow you to earn crypto rewards as you spend money.

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

Single day 11.11 is huge.

Bloomberg Tech
CoreWeave Tumbles on Data Center Delay

We have a strong presence on online platform and we have a strong focus on Gen Z. I know Singles Day had another few more weeks to go, but so far the result has been very, very encouraging.