Sky Mavis, the company behind the hit non-fungible token game Axie Infinity, announced on Wednesday that it raised $150 million to help restore funds stolen in a hack that was discovered last week. Binance, a crypto exchange that also invests in other startups, led the round and was joined by investors including Animoca Brands, Andreessen Horowitz, Dialectic, Paradigm and Accel. The round, as...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results. Investors such as Altimeter Capital, which last fall called on Meta to streamline, will be happy. It’s just a pity that Meta, like much of big tech, appears to have...
Meta Platforms’ Revenue and Profit Fall in Q4
Checkout.com Shuffles Executives to Double Down on U.S. Expansion
Judge Tells Sam Bankman-Fried to Stop Texting Former FTX Colleagues
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