- Spinout: Peloton shares plunged after a CNBC report said the company was pausing production of its bikes and treadmills. Pelo-demand fizzled last quarter after a pandemic boom, and store closures and layoffs could follow.
- #Influence: Instagram and TikTok rolled out paid subscription tools for creators ranging in price from $1 to $100/month, in a bid to lure top influencers and their followers from rivals.
- Gamed: Microsoft made a bid to buy Candy Crush maker Activision Blizzard for $70B in the largest cash acquisition ever — it would cement gaming’s crucial role in Microsoft’s metaverse plans.
Latest Stories
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.