Image: disney Disney continues to shake—for an “unkillable, multi-trillion-dollar leviathan” definition of shaking, leastways—in the aftermath of its recent big surprise Bob Swapwith former CEO Bob Iger stepping in to take control of the company back from his successor, Bob Chapek, after the company’s board asked Chapek to resign from his leadership position last sunday … Read more
Image: NurPhoto (Getty Images) Politico are reporting that, “according to three people with knowledge of the matter”, the Federal Trade Commission is “likely to file an antitrust lawsuit to block Microsoft’s $69 billion takeover of video game giant Activision Blizzard”. The FTC, emboldened by their recent success in stopping the merger of book publishers Penguin … Read more
A screenshot from the FTX ad featuring comedian Larry David that ran during the Super Bowl in February 2022.screenshot: FTX / YouTube The Department of Justice and Securities and Exchange Commission are investigating FTX, a crypto platform that halted withdrawals on Tuesday, according to a new report from the wall street journal. And while the … Read more
Image: Ubisoft Tencent appears to be doubling down on its investment in Ubisoft. While it already owns 5 percent of the Assassin’s Creed editor, Reuters now reports the Chinese mega-conglomerate with huge investments throughout the gaming industry has its sights set on becoming Ubisoft’s single biggest shareholder. Its plan for achieving that? Pay double what … Read more
Photo: Steve DaSilva The Senate’s proposed EV tax credit extension makes some new demands, Ford owners are suing Ford again, and Bentley’s doing gangbusters. All that and more in The Morning Shift for Friday, July 29, 2022. 1st Gear: EV Tax Credits May Come Back, But At What Cost? This week, Senate Majority Leader Chuck … Read more
Lottery fever has struck! As players pick their numbers today and tomorrow across 45 states plus Washington, DC, and the US Virgin Islands — and dream about their chances of winning — few actually know how they’d protect themselves if they won the jackpot. Financial experts have resources available for lottery hopefuls. Here are seven … Read more
Photo: Amy Osborne (Getty Images) Usually gaming hardware prices get cheaper over time. But Meta is bucking that trend and raising the price of its entry-level Quest 2 VR headset by $100. The company formerly known as Facebook says it’s to help pay for innovation, a move that comes as Mark Zuckerberg’s social media company … Read more