Blackstone COO Jon Gray Emphasizes Business Strengths Amid CoreWeave Debt Concerns
BX Blackstone Inc
$118.75 +8.38%
View chart & analysis → - 1CoreWeave shares fell 3.55% on Thursday, marking a 14% decline over the past week.
- 2Of CoreWeave's $51.6 billion in total debt, notes, bonds, and loans amount to $35 billion.
- 3Blackstone recorded $3.22 billion in third-quarter revenue, falling short of the $3.28 billion market expectation.
So what's the key point?
CoreWeave shares dropped 14% during the week. Concerns have risen regarding high debt levels, and Blackstone's revenue also came in lower than expert forecasts.
Source CNBC · View original ↗
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