Coinbase reports $1.1 billion in net loss, revenue drops 60% in Q2

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

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

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

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