Month: July 2021
Pinterest shares drop as company misses on user growth … again
Pinterest’s shares had popped last week when Snap posted its best quarter in four years, as investors were betting Pinterest’s image-based social app would also see a return in advertiser spending. Those expectations now appear to be correct, as Pinterest beat on earnings with second-quarter revenue of $613.2 million and…
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Amazon’s earnings show why Andy Jassy is now in charge
As stores reopen and in-person shopping picks back up, the surge in demand for Amazon purchases has finally started to wane — not much, to be clear, but just enough to frustrate investors. From April through June, Amazon saw $113.1 billion in sales of products and services, growing 27 percent…
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Robinhood’s stock drops 8% in its first day’s trading
Robinhood priced its public offering at $38 per share last night, the low end of its IPO range. The company was worth around $32 billion at that price. But once the U.S. consumer investing and trading app began to allow investors to trade its shares, they went down sharply, off…
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Horizon Blockchain Games raises $4.5M for its NFT trading card game and wallet
Horizon Blockchain Games is — as the name implies — a company building games on the blockchain, along with tools to help others do the same. The company announced today that it has raised another $4.5M, bringing its total raised to a little over $13M. Horizon’s first game is Skyweaver,…
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Activision Blizzard lawsuit: A timeline of key events, and everything you need to know Activision Blizzard logo
Activision Blizzard, the publisher behind World of Warcraft, Diablo and Call of Duty, is being sued by The California Department of Fair Employment and Housing following a two-year investigation into the company’s alleged discrimination against female employees. The suit claims that Activision Blizzard fosters a “pervasive ‘frat boy’ culture”, with…
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Annapurna showed off lots of cool games at its first showcase
Thanks to games like Florence, Gorogoa, and What Remains of Edith Finch, Annapurna Interactive has steadily become one of the most exciting indie game publishers around. And at its first showcase event, the publisher showed that there’s plenty more in the works. In less than 30 minutes, Annapurna revealed some…
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