The New York Times Company had been expanding beyond news for years, building popular cooking, games and reviews platforms and, in January, purchasing The Athletic for $550 million. Now, activist investor ValueAct Capital Management says it’s time to cash in. The San Francisco-based company told investors in a letter Thursday that it had built a 7% stake in the Times, according to Bloomberg ....
Activist Investor Builds 7% Stake in New York Times, Urges Subscription Bundle Push
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The Hullabaloo of Zuzalu: Inside the Secret Pop-up City of Vitalik Buterin’s Dreams
Until it reached its planned obsolescence last week, the mythical city of Zuzalu was an intellectual wonderland. Days at Zuzalu began shortly after dawn at the edge of the Adriatic Sea. In the pursuit of an infinite life, Zuzalans (as they self-identify) enjoyed submerging themselves in the frigid waters of Montenegro at 8 a.m.—and again at 1 p.m., depending on their level of...
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In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.