A few key points: Starting Thursday, Twitter will give users the option to buy and sell stocks and other assets from eToro, the company told CNBC exclusively. The partnership marks a rare deal for Twitter since Elon Musk took the reins as CEO after buying the platform for $44 billion last year. Musk has made it his mission to turn Twitter into a so-called “super app” that offers users financial …
Mobile Games Company Scopely to Be Acquired by Saudi-Backed Savvy Games Group for $4.9 Billion
Savvy Games Group announced an agreement to acquire Scopely, a maker of mobile games including “Star Trek Fleet Command,” “Marvel Strike Force,” “Looney Tunes World of Mayhem,” “Scrabble Go” and “Yahtzee With Buddies,” in a deal valued at $4.9 billion. Read more here.
Saudi’s Savvy Games Group to acquire mobile games company Scopely for $4.9 billion
Savvy Games Group, a games and esports company that is part of the Saudi government’s Public Investment Fund, has agreed to acquire mobile games studio Scopely for $4.9 billion. Founded in 2011, Scopely is known for several popular mobile games including Yahtzee With Buddies, Star Trek Fleet Command, Marvel Strike Force, Stumble Guys and Scrabble Go. Read more here.
eToro secures $250M at a $3.5B valuation after scrapping SPAC, seeing slower growth
After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million in funding at a $3.5 billion valuation. Read more here.
arketa Raises $7.6M to Grow Fitness Studios Beyond Class
arketa, a platform helping fitness businesses scale hybrid offerings, raised $7.6M in a funding round. arketa provides a software stack for monetization beyond in-person classes. Enabling a hybrid fitness experience, the platform provides a no-code hub for brick-and-mortar studios and digital content creators. Read more here.
Cryptocurrency: Five Key Pillars to the Path Forward
We haven’t yet seen the culmination of the valuable applications that capture the mass market’s attention and necessary steps towards creating a crypto future mass adoption. In this article, our own Mike Lazerow, managing director, shares his thoughts on the five key things the market needs to bring the promise of the crypto future into reality. Read the article here.
Finding the Path that Leads to Crypto Maturity
“The path forward requires closing the massive gap between the blockchain’s promise to improve people’s lives and today’s reality which falls well short.” Our own Mike Lazerow was published by @VentureBeat’s Data Decision Makers and shares his thoughts on moving past this crypto inflection point. Read more about Lazerow’s thoughts here.
How Liquid Death Became Gen Z’s La Croix
Thanks to social media and a sustainable ethos, Liquid Death has become the new drink of a generation. Mike Cessario, Liquid Death’s co-founder and CEO, attributes much of the brand’s success to its marketing. “At the core of Liquid Death is that we’re a brand that wants to make really funny, entertaining stuff on the internet,” he says. Read more here.
Liquid Death Water Startup Valued at $700 Million
Sometimes water tastes better when it’s in a cool-looking can. At least that’s the thesis behind Liquid Death, a 3-year-old startup that is already valued at $700 million following its latest round of financing. The $70 million investment was led by Science Ventures, with participation from other investors including Live Nation Entertainment Inc., music group Swedish House Mafia and comedian Whitney Cummings. Read more here.
How to Prevent the Looming Travel Breakdown
In a new contributed article for Staffing Insider, KarmaCheck’s co-founder and CEO, Eric Ly, shares his perspective on how the travel industry can prevent the looming travel breakdown in a tight labor market. Read the article here.