New leagues, women’s sports, and tech are reinvigorating the startup space and scoring VC funding
Women’s sports are one area that’s seeing a lot of money flow from PE and VC investors. New leagues, women’s teams, and youth and amateur sports are reinvigorating the sports startup landscape. Venture capital funding for US sports startups rebounded last year, with an estimated 119 deals worth a total of $880 million, according to…
Netflix’s live sports are driving big signup boosts, but data shows that’s only half the battle
Jake Paul beat 58-year-old Mike Tyson in a highly-viewed Netflix live event. Live sports are paying off for Netflix, new subscription data shows. The company had big spikes in daily signups during major live events last year, according to media-subscription research firm Antenna. These included the Jake Paul vs. Mike Tyson fight and NFL games…
North Korea was behind the $1.5B Bybit crypto hack, FBI says
Bybit was targeted by North Korean hackers in one of the biggest heists in history, according to the FBI. North Korea was likely behind the theft of $1.5 billion in virtual assets from Dubai-based cryptocurrency exchange Bybit, according to the FBI. It said that a North Korean group called TraderTraitor, which is also referred to…
Gene Hackman, the 95-year-old double Oscar winner, has been found dead at home with his wife and dog
Gene Hackman and Betsy Arakawa at the Golden Globes in 2003. Gene Hackman has died at 95. The Santa Fe Sheriff, Adan Mendoza, told the Santa Fe New Mexican that the Oscar-winning actor died on Wednesday at his New Mexico home alongside his wife, Betsy Arakawa, and their dog. He said there was no indication…
Here’s how much you’ll pay in taxes if Trump’s cuts get extended
President-elect Donald Trump’s 2017 tax package is set to expire in 2025. Americans could see their tax bill change next year as a legislative battle looms. Many provisions from President-elect Donald Trump’s major tax package from his first term, 2017’s Tax Cuts and Jobs Act, are set to expire this year. The legislation lowered tax…
Elon Musk says DOGE ‘accidentally’ cut Ebola prevention
Elon Musk said during President Donald Trump’s first cabinet meeting that DOGE will make mistakes. To make his point that the White House DOGE office wouldn’t be perfect, Elon Musk said on Wednesday that that staffers briefly cut Ebola prevention funding while an outbreak raged in Uganda. “I should say also, we will make mistakes.…
Markets are pricing in a 10% move in Nvidia stock after earnings
Nvidia stock looks poised for a big move after it reports earnings after the market close on Wednesday. As of Wednesday afternoon, the options market is pricing in an implied move of about 10% in either direction. Nvidia stock gained 3% to $130.82 in Wednesday’s trading session. Such a move would shift about $300 billion…
Bitcoin has tipped into a bear market, slipping 23% from January highs
A stretch of crypto scandals, disappointing policy updates, and one big hack have helped push bitcoin into bear market territory this week. The aggressive sell-off has pushed the price of the top token down as much as 23.4% from January’s record price of $109,350. By Wednesday afternoon, bitcoin fell to an intraday low of $83,740.…
Model Karolina Kurkova and husband are at war with Fisher Island’s exclusive members-only club
The supermodel Karolina Kurkova and her husband, the real estate broker Archie Drury, are suing the exclusive members-only club on Fisher Island, a private island near Miami that’s home to some of the biggest — and richest — players in business and tech. In their complaint, filed last Thursday in Miami-Dade County court, Kurkova and…
