LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 billion. Scopely said it would use the capital to continue its strategy of develop…

How to Make It Look Like You’re at Your Desk

You dont need to be in the office to get work donebut sometimes its a good idea to make it look like youre there. As many office workers know, there are many advantages to being viewed as the person who is always at their desk. In some companies, you can ac…

Jefferies slashed the value of its stake in WeWork by $146 million more than two weeks before its failed IPO

Jefferies slashed the estimated value of its investment in WeWork by $146 million on August 31, more than two weeks before the shared-workspace group shelved its plans to go public.The investment bank’s adjustment reflected a “significant dis…

True Balance raises $23M to bring its payments app to more small cities and towns in India

South Korean startup True Balance, which operates an eponymous financial services app aimed at tens of millions of users in small cities and towns in India, has closed a new financing round as it looks to court more first time users in the worlds second large…

White House Weighs Blocking Chinese Companies From U.S. Exchanges

This would be another step in ratcheting up the pressure, said Michael Pillsbury, a China scholar at the Hudson Institute who said he raised the concept of investment restrictions with the White House after negotiations with China broke down in the spring. T…

What 3 top investment firms are betting on as streaming video surges in 2019 — and why

What 3 top investment firms are betting on as streaming video surges in 2019 — and why

VR/AR startup valuations reach $45 billion (on paper)

Despite early-stage virtual reality market and augmented reality market valuations softening in a transitional period, total global AR/VR startup valuations are now at $45 billion globally include non-pure play AR/VR startups discussed below, and that amount …

China could tap North Korea rare earth mine in exchange for solar investment: report

BEIJING (Reuters) – North Korea plans to grant China access to a rare earth mine in exchange for investment in solar energy that could ease chronic power shortages in the impoverished country, according to an article posted on an industry association website …

New National Marine Sanctuary For Shipwrecked Vessels Is A ‘Time Capsule’

Benzonia is one of more than a hundred World War I era wooden ships in Mallows Bay, Md. The ship was built in 1919 in Washington state. In 2003, Hurricane Isabel lifted the Benzonia wreck on top of another World War I steamship. Tyrone Turner/WAMU At a bend…

Will Smith just dropped $10K on a startup that pitched him on Disrupt’s stage

Actor and Hollywood media mogul Will Smith surprised the TechCrunch Disrupt SF 2019 audience this afternoon by announcing he would invest $10K in a startup that pitched to him onstage as part of “elevator pitch” contest, where the winner would get to take a s…