Nike on Monday announced it has agreed to buy Andreesen Horowitz-backed RTFKT (pronounced artifact), which creates and sells virtual goods, most prominently sneakers, for an undisclosed sum. The deal comes as the storied sneaker seller continues to ramp up its online business, which accounted for 20% of overall sales at the end of fiscal 2021 ending in May, up from about 15% the year prior....
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An NBA Battle Could Fuel SF-Miami Feud
It has been a rough week for national news, so please excuse us for a little diversionary counterprogramming on this Friday before the long Memorial Day weekend. Several of tech’s most important cities have a great showdown looming! On Thursday, San Francisco’s Golden State Warriors clinched their first NBA finals berth in three years after defeating the Dallas Mavericks to win the Western...
SEC Confirms Scruitiny Elon Musk’s Initial Disclosure of Twitter Stake
Twitter Board Rejects Shareholder Vote to Oust Silver Lake’s Durban
Chinese E-commerce App Pinduoduo Reports Better-Than-Expected Results
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