• Despite Imran’s instructions not to air dirty laundry in public, Salman Akram Raja and Aliya Hamza engage in ‘Twitter war’ over decision to remove party’s central Punjab president and secretary • Dispute between senior lawyers over list of who gets to meet Imran in Adiala leaves many within the party red-faced LAHORE: Mere weeks after incarcerated founder Imran Khan warned party leaders against airing their dirty laundry in public, another tiff — this time over the leadership of PTI in central Punjab — has erupted over the social media platform X, in full public view. In a telling series of tweets on Thursday, Secretary General Salman Akram Raja railed against those who were “conspiring against him”, and recalled that Mr Khan had personally tasked him with conveying messages from Adiala jail. Although he didn’t explain the issue at hand, a cursory glance at his earlier tweets and messages posted by other PTI leaders laid bare the dispute. The controversy centres around the ouster of PTI Central Punjab P...
Strategy’s third-quarter net income was down from its record $10 billion in Q2, but still lifted its shares after the bell. Shares in Strategy have risen nearly 6% after hours as the Bitcoin treasury company reported a net income of $2.8 billion for its third quarter, down from the second quarter but still beating analyst expectations. Strategy on Thursday reported diluted earnings per share of $8.42 for the three months ending Sept. 30, beating Wall Street expectations of $8.15. Its $2.8 million income for the quarter was a major jump from its $340.2 million loss the same time a year ago, but a fall from its record $10 billion net income in Q2. Read more
Coinbase recorded another profitable quarter with $432.6 million in net income in Q3 on the back of $1.9 billion in revenue, while Coinbase’s Bitcoin holdings rose by 2,772 BTC. Coinbase’s Bitcoin stash grew by 2,772 BTC during the third quarter as it doubled down on its Bitcoin strategy and continued work to become an “Everything Exchange.” Coinbase’s Bitcoin (BTC) holdings have now reached 14,548 BTC, valued at $1.57 billion, according to its Q3 report on Thursday. Meanwhile, net income increased over fivefold to $432.6 million year-on-year, and total revenue rose to $1.9 billion, up 55% from a year ago. This was bolstered by transaction revenue, which climbed to $1.05 billion, while subscription revenue — including stablecoin revenue and blockchain rewards — rose 34.3% year-on-year to $746.7 million. Read more