Category: Abandons
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H&M abandons 2024 margin target as markdowns and costs hurt profit By Reuters
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By Mary Manis and Helen Reid STOCKHOLM (Reuters) – H&M (ST:) scrapped its profit margin target for 2024 as high discounting, costs and fierce competition hurt operating profit in the third quarter, sending shares in the world’s second-biggest fashion retailer down about 8%. H&M has struggled to boost profitability amid…
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WazirX Abandons Plan To Share $230M Loss Among Every User
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Indian cryptocurrency exchange WazirX has found itself at the center of a major controversy after proposing a social loss distribution plan to distribute the massive $230 million in losses it incurred due to the severe WazirX exploit. The exchange’s attempt to distribute the losses, which it dubbed the “55/45 plan,”…
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WazirX Abandons Plan To Share $230M Loss Among Every User
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Indian cryptocurrency exchange WazirX has found itself at the center of a major controversy after proposing a social loss distribution plan to distribute the massive $230 million in losses it incurred due to the severe WazirX exploit. The exchange’s attempt to distribute the losses, which it dubbed the “55/45 plan,”…
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Matter Labs Abandons ‘ZK’ Trademark Following Community Outcry
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Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term “ZK.” In a June 3 update, Matter Labs said its decision to abandon its efforts to trademark the term “ZK” stems from the logic that “it is impossible to…
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Matter Labs Abandons ‘ZK’ Trademark Following Community Outcry
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Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term “ZK.” In a June 3 update, Matter Labs said its decision to abandon its efforts to trademark the term “ZK” stems from the logic that “it is impossible to…