What’s poppin’ — days after acquiring mobile game-developer Next Games, Netflix has now purchased [https://variety.com/2022/digital/news/netflix-acquires-boss-fight-game-studio-1235214156/] its 3rd gaming studio — buying out Texas-based, Boss Fight Entertainment. Boss Fight, founded in 2013, is well known for its mobile game called Dungeon Boss — a role-play based [https:

Uncle Joey signed off on a highly anticipated executive order earlier this week, that will set the groundwork for US’ adoption of crypto technology. Surprisingly, the order was a whole lot more welcoming [https://www.cnn.com/2022/03/09/investing/cryptocurrency-executive-order/index.html] and forward looking than everyone expected!

What’s poppin’ — Russian Oligarch, Roman Abramovich, is forced to sell the crown-jewel of his empire [https://www.cnn.com/2022/03/02/sport/chelsea-football-club-sale-spt/index.html] , the England-based Chelsea Football Club — after sanctions make it hard for the billionaires to do business with the rest of the world. Even

What happened — Netflix made another gaming acquisition yesterday, buying out a mobile games developer [https://techcrunch.com/2022/03/02/netflix-acquires-next-games-in-finland-publisher-of-stranger-things-and-walking-dead-games-for-72m/] called Next Games for $72 million — further sinking its teeth into the mobile and casual gaming arena. Some context: as growth in its core business began to flatline post-COVID,

Total shitshow: as the global markets opened one by one on Monday, the crippling sanctions went into full effect, ensuing total chaos for Russian banks, the Oligarchs, and their money managers worldwide. Russia further shocked the system by changing its fiscal policies, and by closing its stock markets. Adding more

What happened — in a bizarre unfolding story, US law enforcement yesterday seized more than $3.6 billion in stolen Bitcoin [https://www.cnn.com/2022/02/08/investing/cryptocurrency-laundering/index.html] from a popular couple working in tech and living in New York City! The dude, Ilya Lichtenstein, a Y-combinator

What’s poppin’ — rumors suggest top companies playing at the intersection of media, content, and fitness, including Nike, Disney, and Amazon, are looking to buy out fitness-bike maker Peloton [https://www.cnn.com/2022/02/05/business/peloton-amazon-nike/index.html]. Reopening of gyms coupled with poor planning had resulted in

What happened — Swiss-banking giant UBS is paying $1.4 billion [https://www.entrepreneur.com/article/415471] to buy millennials focused investing platform Wealthfront, trying to push deeper and align its services to the next generation of retail consumers in the US. Wealthfront is basically what they call a robo-advising platform,

Walmart, the king of offline commerce, brought home $141 billion revenue [https://www.cnbc.com/2021/08/17/walmart-wmt-earnings-q2-2022.html] for last quarter, up 5% YoY. These numbers are usually a good proxy for consumer health (5% bump in US revenues) — a sign that wallets are heavy even as doles

If you’re into those sectors, Saudi’s Aramco blasted a pretty decent quarter [https://www.cnbc.com/2021/08/08/saudi-aramco-posts-near-300percent-leap-in-q2-profit-on-global-demand-recovery.html] , as oil prices globally recover from the 2020 death-sentence, with economic engine bouncing back. Quick look at numbers: * Profits jumped 288% to $25.5 billion * Cash flows

Amazon is looking [https://www.cnbc.com/2021/07/23/amazon-is-hiring-a-digital-currency-and-blockchain-expert.html] to hire a Blockchain lead — with investors busy predicting products from a crypto wallet, to a payment service, to infra on AWS in the making. Rumors have been cooking that Bezos is leading the project himself [https://www.

Netflix is in quite the pickle — subscriber growth for the streamer during the peak of the pandemic was soooo freaking strong that, that they continue to struggle to find more users to pay for the service. Last night’s quarterly numbers [https://www.foxbusiness.com/markets/netflix-falls-short-subscriber-earnings-expectations] again soured mood

Netflix, in a rare strategic move expanding its focus, announced [https://www.cnn.com/2021/07/15/media/netflix-video-games/index.html] it’ll be launching streamable games on its platform in about a year. WTF is that — unlike how you need an Xbox or a PlayStation console to play high-quality

What happened — Global semiconductor giant Broadcom, best known to make WiFi chips for your high-end phones, is apparently trying to woo analytics software maker SAS Institute, for a $15-$20 billion [https://www.wsj.com/articles/broadcom-in-talks-to-buy-software-firm-sas-11626103731?mod=djemalertNEWS] acquisition. Not everyday you see semiconductor companies buying out software players,

What Happened — After Didi, Chinese regulators returned to Tencent, blocking the company’s merger [https://www.cnbc.com/2021/07/10/chinese-antitrust-regulator-blocks-tencents-5point3-billion-video-games-merger.html] of two video game streaming sites Huya and DouYu — on antitrust concerns. Worth a combined $5.3 billion, both Huya and DouYu own about 80% of the

What happened — the widely publicized, $10 billion comprehensive cloud-first digitization project of the US Department of Defense, called “JEDI”, will be scrapped [https://techcrunch.com/2021/07/06/nobody-wins-as-dod-finally-pulls-the-plug-on-controversial-10b-jedi-contract/] — ending multi-year infighting between Nadella and Bezos’ boys, and of course the Trump admin. Some backstory — the first-of its kind contract,

What happened — household savings continue to run dry, down to 8.2% of the GDP [https://www.bloombergquint.com/business/household-financial-savings-drop-for-second-straight-quarter-debt-mounts-rbi-data] at the end of 2020, while total indebtedness (i.e. money borrowed) spiking to over 37% of the GDP, the highest it has been in recent years. Why is