Largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and profit in the June quarter -- logging $1.1 billion in net loss as revenue declined from $2.033 billion to $803 million from a year-ago quarter which is a sharp drop of nearly 60 per cent. In quarterly terms, net revenue of Coinbase … Continue reading Coinbase reports $1.1 billion in net loss, revenue drops 60% in Q2
Author: Eric
Tumblr said 420 Blaze it (but literally)
Yesterday, Tumblr rolled out Tumblr Blaze to all users over 18 in the United States. The feature lets users promote their content in the same way you might boost a tweet or a Facebook post on those respective platforms — you pay a set fee between $10 and $150, and you’ll get an estimated 2,500 … Continue reading Tumblr said 420 Blaze it (but literally)
We just found out how Musk may finance his $43B Twitter bid
In an SEC filing today, Elon Musk indicated that Twitter has yet to respond to his offer to buy the company, and that he is “exploring whether to commence a tender offer to acquire all of the outstanding shares.” Recall that Twitter has itself adopted a poison-pill defense of its equity in light of Musk’s … Continue reading We just found out how Musk may finance his $43B Twitter bid
The Age of the Influencer Has Peaked. It’s Time For the Slacker to Rise Again
There are signs that our individualist culture of achievement and brand alignment has jumped the shark. It’s hard to remember a time when scrolling through Instagram was anything but a thoroughly exhausting experience. Where once the social network was basically lunch and sunsets, it’s now a parade of strategically-crafted life updates, career achievements, and public … Continue reading The Age of the Influencer Has Peaked. It’s Time For the Slacker to Rise Again
Best Blockchain Games of 2022
Adoption is a word you’ll hear on an almost daily basis in the crypto space. It can though mean different things to different people. For some, it’s all about just getting more people into buying crypto and thus pushing the prices up. For them, adoption means nothing more than higher profits. To those of us … Continue reading Best Blockchain Games of 2022
YouTube’s head of Gaming leaves to join blockchain group Polygon
Ryan Wyatt describes himself on Twitter as YouTube’s head of Gaming by day, and a “web3 & crypto advisor/investor by night.” Now, he’ll be working in crypto during the day, too. Today, Wyatt announced that he will be leaving YouTube after almost eight years to join the team at Polygon, a blockchain scaling network built … Continue reading YouTube’s head of Gaming leaves to join blockchain group Polygon
Maybe creator funds are bad
In the summer of 2020, TikTok set aside $200 million to pay U.S. creators in what it called a “creator fund.” This wasn’t a common practice at the time. The more seasoned platform YouTube paid creators by distributing funds through its partner program, established in 2007, which enables revenue sharing on the advertisements that play … Continue reading Maybe creator funds are bad
What Happened to Amazon’s Bookstore?
John C. Boland was poking around the Amazon bookstore when he saw the science thriller “Hominid” for sale at dizzying prices. It was $907 from Sandy Dunes Surplus, $930 from Rocky Mountain Books and $987 from Open Range Media. He didn’t need a copy. He wrote the novel and published it himself. List price is … Continue reading What Happened to Amazon’s Bookstore?
Waymo CEO John Krafcik steps down
Waymo ordered "up to" 82,000 vehicles in 2018. Today, it has "well over 600." John Krafcik, the former auto industry exec who took over Google's self-driving car project in 2015, is stepping down as CEO of Waymo. Waymo, which spun off as a separate Alphabet subsidiary in 2016, accomplished a lot during Krafcik's 5.5-year tenure. … Continue reading Waymo CEO John Krafcik steps down
MrBeast’s management company, Night Media, has a new venture fund that’s backed by creators
MrBeast’s management company is getting into the venture business. Night Media, the six-year-old, Dallas-based multimedia talent management company, is closing a debut fund with $20 million in capital commitments from the powerful family-friendly online influencers it manages, along with other social media stars. The idea, says Night Media CEO Reed Duchscher, is to write initial … Continue reading MrBeast’s management company, Night Media, has a new venture fund that’s backed by creators
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