Fifteen million people have signed up for Comcast NBCUniversal’s Peacock streaming service, up from 10 million at the end of the second quarter, Comcast CEO Brian Roberts told investors. However it’s unclear whether these signups are active watchers of the service and whether they are paying for the ad-light version of it or free users watching the ad-supported service. Roberts’ comments came...
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Alexis Ohanian Venture Fund Plots $776 Million in New Funds
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
Treasury Warns of Cloud Computing’s Risks to Financial Industry
Amazon Adds Sports Gambling Channel to Free Streaming Service
Uber’s Ride Hailing Business Shows Strong Recovery
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