Netflix passed 200 million global subscribers in the fourth quarter, it reported Tuesday, adding 8.51 million new subscribers to lift its total to 203.66 million. But the biggest news from the video streaming giant was that its years of borrowing money to fund its operations are at an end. The company declared that it was “very close” to being permanently “free cash flow positive,” which means...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
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...
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