FTX: Over a million are owed money

FTX

Image Source: Fox Business Based on bankruptcy filings, crypto exchange FTX may owe more than a million people and businesses after the company shut down. It is rumored that FTX was hacked and millions of dollars worth of cryptocurrency were stolen from the company. People with money in the business have a lot to worry […]

Fandom Buys Brands for about $50 Million in Cash

Image Source: Variety In a $50 million transaction with digital marketing firm Red Ventures, Fandom is acquiring several entertainment and gaming content properties, including TV Guide and Metacritic. GameSpot, Metacritic, TV Guide, GameFAQs, Giant Bomb, Cord Cutters News, and Comic Vine were all acquired by San Francisco-based Fandom as part of the agreement. According to […]

Fandom Buys Brands for about $50 Million in Cash

Image Source: Variety In a $50 million transaction with digital marketing firm Red Ventures, Fandom is acquiring several entertainment and gaming content properties, including TV Guide and Metacritic. GameSpot, Metacritic, TV Guide, GameFAQs, Giant Bomb, Cord Cutters News, and Comic Vine were all acquired by San Francisco-based Fandom as part of the agreement. According to […]

Meta-Owned Instagram Fined €405 Million For Violating Children’s Data Privacy

Meta Instagram

Photo: Unsplash Regulators in Ireland have fined Instagram €405 million for breaching children’s privacy.  The prolonged legal action has concerned children’s data – specifically their phone numbers and email addresses. A few allegedly upgraded their services into business accounts for analytics tools like profile visits to be available without the awareness that this action made […]

Saudi Fund Invested $500 million in Russian Oil and Gas 

Image Source: Bloomberg According to regulatory records, Prince Alwaleed Bin Talal, the billionaire investor who controls Kingdom Holding in Saudi Arabia, secretly spent more than $500 million on three significant Russian energy companies during February and March. Kingdom presumably sought undervalued assets by investing in Gazprom (GZPFY), Rosneft, and Lukoil, but its decision was made […]

Netflix loses almost a million subscribers in Q2

Image Source: Digital Music News After a protracted reign as the king of streaming, Netflix will have to battle hard to maintain that position. As more users opted to stop using the program, it lost roughly a million subscribers between April and July. The massive streaming service has now lost subscribers for two consecutive quarters, […]

Justin Timberlake Sold his Song Catalog Worth $100 Million

Photo: CNN Justin Timberlake has sold his music catalog for an enormous sum, reports say. The award-winning musician struck a deal with Hipgnosis Song Management that involves copyrights to around 200 songs he wrote and co-wrote, such as “SexyBack” or “Can’t Stop the Feeling.” According to The Wall Street Journal, Timberlake’s catalog price ranges more […]

Warhol’s Marilyn Monroe Painting Sold for $195 Million, Smashing Records High

Photo: BBC Andy Warhol’s renowned Marilyn Monroe painting has been placed into closeout for $195 million, turning into the most costly thing of 20th Century work of art to be placed discounted. The canvas Shot Sage Blue Marilyn was made by Warhol in 1964 – roused by a generally seen picture of Monroe. It additionally […]

South African Retailer Massmart Announces Extensive Annual Loss of $106 Million

Photo: Ventures Africa  Massmart Holdings, a South African retailer, has announced Friday an extensive annual loss of about 1.6 billion rands ($106 million), jeopardized by damages in the store and dropping trading income because of looting last year during the nation’s civil unrest.  According to the wholesale group, which Walmart Inc mainly owns, it foresees […]