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EPIC GAMES VALUATION
US stocks today: Roblox shares tumble as forecast cut signals safety measures weighing on user growthRoblox shares on Friday plunged to their lowest levels in 18 months after the company cut its annual bookings forecast, raising concerns th...- Freshworks cofounder Mathrubootham rejects ‘SaaSpocalypse’ prediction, says AI agents won’t kill industryMathrubootham said Anthropic’s February Claude Cowork plugins triggered a sell-off in markets across the globe, erasing $285 billion in sof...
- DNEG Group raises $200 million from UAE's United Al Saqer GroupThe DNEG Group, a leader in visual entertainment tech, has secured a $200 million investment from UAE's United Al Saqer Group (UASG), valui...
- Groww's reverse flip to India; investors bet on gaming studiosHappy Thursday! Fintech startup Groww has completed the process of domiciling itself to India from the US. This and more in today’s ETtech ...
- Want to invest in SpaceX or Stripe? There's a fund for thatA new fund, Destiny Tech100, is offering a publicly traded fund that contains shares of 23 private tech companies including Stripe, SpaceX,...
- Byju Raveendran in fire-fighting mode amid crises; Gameskraft’s FY23 profit, revenue riseBattling crises on multiple fronts, Byju’s founder Byju Raveendran revealed his plans to tackle the liquidity crisis in a call with senior ...
- US fund cuts edtech Eruditus’ valuation by 9% to $2.9 billionThe markdown has translated to a valuation of about $2.9 billion as of March 31, 2023, a drop from $3.2 billion in August 2021, a price at ...
- JioMart Express stops services; Reliance Retail to vie for a slice of beauty ecommerceWithin a year of its launch, Reliance Retail’s JioMart has halted the operations of JioMart Express, its quick commerce grocery delivery se...
- PhonePe raises $100 million in fresh funding; Deepinder Goyal dismisses talks of attrition at ZomatoThe fundraise follows PhonePe’s recent change of domicile to India and full separation from the Flipkart group. Flipkart doesn’t own any st...
- GST on gaming and gambling: Don’t ‘game over’ before it has even begunCaught between a perception that online games are nothing but a rich man’s gambit that only whips up greed and promotes gambling, India’s $...
- Rich investors turn aggressive in picking tech startups from unlisted marketAccording to Kristal.AI, the minimum ticket size of such deals is about $25,000.
- Epic Games valued at about $32 billion in funding from Sony, Lego firmSony, an existing investor, and the Kirkbi investment company each invested $1 billion, Epic said, with the fundraising to help advance a m...
- Byju’s buys coding site Tynker to beef up US expansionByju's has now acquired three edtech startups in the US—Epic and Osmo and now Tynker. All three acquisitions map back to its goal of invest...
- Into the mysterious world of Metaverse, a fully realised digital space that exists beyond the analogThe metaverse refers to a variety of virtual experiences, environments and assets that gained momentum during the online-everything shift o...
- 'Fortnite' maker Epic Games gets $28.7 bn valuation in latest fundingEpic Games has received an additional investment of $200 million from minority shareholder Sony Group, while it also raised funds from inve...
- Microsoft in talks to buy Discord for more than $10 billionDiscord has been talking to potential buyers and software giant Microsoft is in the running
- Is Warren Buffett a stock buyer or seller? Yes.Berkshire’s investment activity during the final three months of 2020 was all over the place, reflecting the chaotic and uncertain moment t...
- Hedge funds hunt frothy names to short, even after GameStopPandemic-driven volatility made last year one of the best in a decade for many equity hedge funds. Several posted gains that were more than...
- GameStop shares surge 140% as short sellers start to surrenderThe stock rose 140% to $354.83 as of 9:30 a.m. in New York, after having surged more than threefold in the past four days.
- US big tech dominates stock market after monster rally, leaving investors on edgeThe quintet's burgeoning share prices reflect a transition to an increasingly technology-driven economy that has been accelerated by the co...
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