investing
The New York Yankees are teaming up with U.S. private equity group RedBird Capital Partners to become minority investors in Italian soccer club AC Milan. The Financial Times reports Yankee Global Enterprises, the MLB team’s parent company, and Los Angeles-based investment firm Main Street Advisors—which includes LeBron James and Drake among its group of investors—are closing in on a […]
Netflix is being sued by a group of shareholders who claim the streamer misled them about its subscriber growth for months prior to last month’s sharp decline and subsequent stock price drop, per The Hollywood Reporter. The suit was brought forward by investors who allegedly bought shares of Netflix between Oct. 19, 2021 and April 19, […]
Sony and Kirkbi, the company behind the Lego Group, have announced an investment of $2 billion into Epic Games, creators of the massively popular video game Fortnite. As announced via Epic Games’ website on Monday, the two companies will invest $1 billion each into the Unreal engine and Fortnite developer. Epic founder Tim Sweeney said that the funding […]
A24 is behind some of today’s most memorable films, from Moonlight to Uncut Gems. So it’s no wonder the company secured a massive $225 million equity investment to help expand its production and distribution operations. Per Variety, the investment group Stripes is behind the major cash influx, which gives the indie studio a $2.5 billion valuation. “A24 is a world-class […]
Social media scammers made off with a crazy amount of cash in 2021. According to a Jan. 25 report put out by the Federal Trade Commission (FTC), over 95,000 people reported $770 million had been lost to social media fraud in 2021. What’s more shocking is the losses only accounted for 25% of all reported fraud in 2021, […]
Kim Kardashian, Floyd Mayweather, and Paul Pierce are among those being sued over their promotion of cryptocurrency EthereumMax, per the Hollywood Reporter. The class action lawsuit, filed on Friday in California federal court, accuses the stars of colluding with EMAX co-founders Steve Gentile and Giovanni Perone as part of an organized pump-and-dump scheme, “causing investors to purchase these losing investments at inflated prices.” […]
LeBron James, Drake, and Naomi Osaka have made some important investments throughout their careers. And now, they’re all jumping on the same one. The three superstars have invested in a sports technology company that lives in an industry projected to be worth $57 billion by 2027, according to a press release. It’s a sports tech and gaming firm called […]
ComplexCon returns to Long Beach Nov. 6 – 7 with hosts J. Balvin and Kristen Noel Crawley, performances by A$AP Rocky and Turnstile, and more shopping and drops. Secure your spot while tickets last! Buy tickets Cryptocurrency scammers made off with an estimated $2.1 million from a “Squid Game” crypto scam, Gizmondo reports. The SQUID cryptocurrency—yes, the one that […]
ComplexCon returns to Long Beach Nov. 6 – 7 with hosts J. Balvin and Kristen Noel Crawley, performances by A$AP Rocky and Turnstile, and more shopping and drops. Secure your spot while tickets last! Buy tickets Logic is seemingly pleased with his Ethereum investment. The 31-year-old rapper hit up Twitter on Wednesday to boast about the […]
The Weeknd and several other wealthy investors have just put over $2 million into a company that makes personalized songs for users. Music Business Worldwide reports that The Weeknd, along with his manager and XO Records CEO Wassim “Sal” Slaiby, Atlantic Records CEO Craig Kallman, Reverb founder David Kalt, School of Rock CEO Rob Price, and Recycled Paper Greetings co-founder […]
