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Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?
7.11.2022
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division
Mainstream media on the Merge: Risky move or climate nirvana?
7.9.2022
While mainstream outlets have generally grasped the complexity of upgrading a major blockchain “mid-flight,” it’s prompted a few to warn about the disruptions should it fail
Vince McMahon Reportedly Paid Four Women $12 Million To Keep Quiet About Alleged Affairs
8.7.2022
A new report from The Wall Street Journal found that former WWE CEO and chairperson Vince McMahon paid four women $12 million over the past 16 years. That includes the reported $3 million payout to a former WWE employee he had an alleged affair with previously unearthed by The Wall Street Journal....
Contagion: Genesis faces huge losses, BlockFi's $1B loan, Celsius's risky model
30.6.2022
A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused its recent liquidity woes
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...
Activision Blizzard Clears Itself Of Any Wrongdoing
16.6.2022
Nearly year after an explosive lawsuit by the California Department of Fair Employment and Housing kicked off a firestorm of sexual harassment and discrimination allegations at Activision Blizzard, a Board of Directors working group investigating the company has released its findings. Led by...
Now New York City Is Suing Activision Blizzard
4.5.2022
Activision Blizzard is facing (what feels like) its 8,583,129th lawsuit, as first reported by Axios. This one’s from New York City, and alleges that longtime CEO Bobby Kotick raced to find a buyer for the mega-publisher he has been leading for 30 years to explicitly avoid consequences for turning...
NFT Market Collapses Just As Square Enix Sells Tomb Raider To Bet Big On Blockchain
4.5.2022
You know what no one could ever have predicted? That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable. As The Wall Street Journal reports, the NFT market is “flatlining,” down 92 percent from last September. Which makes it just...
WSJ says 'the NFT market is collapsing' but the data says otherwise
4.5.2022
An article by the WSJ suggesting the non-fungible token (NFT) market is “collapsing” doesn’t show the full picture as contrasting analysis reveal a consolidation is instead taking place
Bolt Acquires Wyre for $1.5 Billion, Firm Aims to ‘Decentralize Commerce’
8.4.2022
On Thursday, the payments and checkout and shopper network, Bolt has announced the firm plans to acquire the digital currency provider Wyre in a $1.5 billion deal. Bolt has explained the acquisition is aimed at bolstering cryptocurrency services and “the opportunity of Web3.” Payments...
Activision Stock Shenanigans Being Investigated By Justice Department, SEC
9.3.2022
The Wall Street Journal is reporting that three men—Fox co-founder Barry Diller, Reggie Miller-hating socialite Alexander von Furstenberg and music magnate David Geffen—are currently under two separate federal investigations over suspicions insider trading was involved in their purchase of millions...
Parents Sue Call Of Duty Maker, Alleging Sexual Harassment Led To Daughter’s Suicide
7.3.2022
Parents of an Activision Blizzard employee who died by suicide on a 2017 work retreat at Disneyland are now suing the Call of Duty publisher alleging workplace sexual harassment contributed to their daughter’s wrongful death. Activision Blizzard had previously dismissed the tragedy as having...
Sony And Microsoft's Comments On Call Of Duty Exclusivity Are Clear As Mud
20.1.2022
Here we go again. Will Activision Blizzard games be exclusive to Xbox after the recently announced $68.7 billion deal finally goes through? Probably. But in the meantime both sides are saying just enough to keep all possibilities open, with Sony being the latest to add its vague comments to...
Head Of Microsoft Says He’s ‘Grateful’ For Activision Blizzard CEO Bobby Kotick's 'Commitment to Real Change'
18.1.2022
Microsoft revealed a bombshell today: it’s buying embattled Call of Duty publisher Activision Blizzard in the largest gaming industry acquisition ever. That means a lot of things, including that the head of Xbox, Phil Spencer, will soon be veteran CEO Bobby Kotick’s new boss. But what that means...
Report: Bobby Kotick Is Still Trying To Hide The Scale Of Activision's Problems
17.1.2022
The Wall Street Journal is reporting that not only has Activision Blizzard fired dozens of staff in the last few months, but that CEO Bobby Kotick has been hiding that information from the public. Because it might look bad...Read more
Microsoft Closing In On $50 Billion Deal To Buy Activision Blizzard
17.1.2022
In an extraordinary turn of events, the Wall Street Journal is reporting today that Microsoft is getting near to a deal to buy Activision Blizzard. Which not only would be one of the most major shake-ups in the gaming industry in years, but also could finally spell out the end for its horrendous...
Call of Duty Studio Vaguely Promises To Do Better A Month After Sexual Harassment Report
21.12.2021
Call of Duty studio Treyarch just issued the latest in a long series of murky apologies from Activision-owned studios regarding the ongoing investigation into company-wide sexism, harassment, discrimination, and bullying. In a tweet issued today, a little over a month after the Wall Street Journal...
The Year In Gaming Apologies
16.12.2021
Video games had a lot to be sorry for in 2021, from the usual screenshot apologies over delays and busted launches, to things that actually matter like years of reported workplace abuse. Don’t worry though, everyone’s trying to do better.Read more
Government Officials Pressuring Activision Blizzard Are Now Threatening The Company's Profits
1.12.2021
State treasurers from California, Massachusetts, Illinois, Oregon, Delaware, and Nevada are calling on Activision Blizzard to take more serious measures in addressing ongoing high-profile investigations and lawsuits about the company’s troubling culture. According to Axios, said treasurers have...
Right-Wing Group Wants Bobby Kotick Removed From Coca-Cola's Board
1.12.2021
The National Legal and Policy Center, a right-wing organisation that “promotes ethics in public life”, has written to Coca-Cola Chairman and CEO James Quincey asking that he “immediately seek the resignation” of besieged Activision Blizzard CEO Bobby Kotick from the company’s board of directors,...