All that euphoria about entertainment companies jumping into streaming is abating. ViacomCBS plunged 23% on Wednesday and Discovery fell 14%, ending a rally that had sent both up 170% or so in the past few months. Both had launched new streaming services lately and benefited from investor love for anything streaming. Meanwhile, Viacom fell a little short in its plans to raise as much as $3.4...
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Creator Economy Summit
Announcing the Creator Economy Summit Masterclasses 2022
We’re excited to see everyone on May 25 at The Information’s second annual Creator Economy Summit. Our masterclass breakout sessions are an important part of the Summit. At this year’s event, we’ll have three sets of 45-minute masterclasses. Here is a preview of this year’s topics. For group ticket information, please email [email protected] 10:15...
Zoom Shares Jump After Strong Earnings Report, Forecast
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The crypto party was as raucous as ever—and then someone turned on the lights. After a year of record-high token prices and newfound support from legacy financial institutions like Fidelity and BlackRock, reality bit hard the second week of May when the algorithmic stablecoin terraUSD (known as UST) crashed, taking down some $400 billion in crypto market cap with it.
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