Decrypted: The block clock tick-tocks on TikTok

Decrypted: The block clock tick-tocks on TikTok

In less than three months and notwithstanding intervention, TikTok will be effectively banned in the U.S. unless an American company steps in to save it, after the Trump administration declared by executive order this week that the Chinese-built video sharing app is a...
Take-Two Interactive acquires Two Dots game developer for $192M

Take-Two Interactive acquires Two Dots game developer for $192M

Playdots — developer of the mobile games Dots, Two Dots and Dots & Co. — has reached an agreement to be acquired by publisher Take-Two Interactive. Take-Two will pay $192 million for the deal, $90 million in cash and the remaining $102 million in stock. Playdots...
Chamath Palihapitiya’s next big Hustle

Chamath Palihapitiya’s next big Hustle

Chamath Palihapitiya, the founder of Social Capital, does not do minority investing anymore. If he finds a startup he likes, he just buys it outright. The billionaire co-founded Social Capital in 2011, and seven years later, he pivoted the investment firm into a...