🪠 BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom
Plus: Bored Ape Yacht Club creator raises $450 million to build an NFT metaverse, and more ...
BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom, sources say. Several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut down the company's news organization. BuzzFeed News has won awards, including a Pulitzer Prize, but is now shrinking through voluntary buyouts. (Alex Sherman / CNBC)
Bored Ape Yacht Club creator raises $450 million to build an NFT metaverse. Yuga Labs, the owner of three of the biggest NFT brands on the market, has raised $450 million in funding at a $4 billion valuation, the company announced today. The team behind Bored Ape Yacht Club plans to use the money to build a media empire… (Jacob Kastrenakes / The Verge)
Fury As Okta-The Company That Manages 100 Million Logins-Fails To Tell Customers About Breach For Months. Okta, the $25 billion market cap company that handles logins for more than 100 million users, confirmed it suffered a breach in January via a third party customer support provider. (Thomas Brewster / Forbes)
EU to unveil landmark legislation to tackle market power of Big Tech. The EU is poised to unveil a landmark law designed to rein in the market power of Big Tech this week, after a deal was struck on crucial details such as the size of companies targeted by the long-anticipated legislation. (Javier Espinoza / Financial Times)
Zoom's new virtual avatars let you show up to your next meeting as a dog. Zoom will let you show up to your next meeting as a rabbit, fox, dog, or another type of animal, using its new Avatars feature that replaces you with a virtual character that copies your expressions, Memoji-style. (Mitchell Clark / The Verge)
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