TechFlow, Nov. 11 — According to CoinDesk, Gemini's first financial report after its IPO showed losses exceeding expectations, causing its stock to drop 8.67%. Despite quarterly revenue doubling year-on-year to $50.6 million, the company reported a net loss of $159.5 million, or $6.67 per share, significantly worse than the $3.24 per share analysts had expected. The company plans to launch regulated prediction markets and develop a "super app" to expand its business scope.
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