The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Tom Brady’s investment in Raiders is believed to be more than ceremonial

  • WA Cares investment meeting talks money, mentions renewed website » Publications » Washington Policy Center

  • iHeartMedia’s 30% Gain Leads Music Stocks This Week – Billboard

  • Billionaire Louis Casper Dunweber Revolutionizes the

  • Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Investment
Home›Investment›With Bungie under its wing, Sony plans to invest half of its PlayStation Studios development budget on live service games this year – TechCrunch

With Bungie under its wing, Sony plans to invest half of its PlayStation Studios development budget on live service games this year – TechCrunch

By Megan
May 27, 2022
84
0
Share:

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

Happy Friday, Crunchers! It’s 27 May 2022, and we are slinking into a long weekend because it’s Memorial Day weekend here in the U.S. There’s no newsletter on Monday — Haje is going 🍷 wine tasting in Sonoma, and Christine is planning to spend Monday 🛋️ sitting on the sofa doing absolutely nothing, which we celebrate wholeheartedly. We’ll see you back here on Tuesday!

Not sure what to do this weekend? Check out this roundup of all the amazing podcasts we published this week. It’ll keep you busy for a few hours at least.  — Haje and Christine

The TechCrunch Top 3

  • Golden goose: Manish was on fire today, writing not one, but two of our top stories of the day. The first is about Jar, an Indian fintech company that is looking at a $50 million Series B round. The country’s citizens have bank accounts to save money, but Jar helps them do something they may not be as familiar with — invest. And the company has chosen to start with something Indians are known to love, gold.
  • Revolving door: Manish’s second story has to do with another Manish — Manish Maheshwari, the former head of Twitter India, who left a startup he co-founded after just 6 months. Our Manish reported in December that Maheshwari left his post at Twitter to start edtech company Invact Metaversity with Tanay Pratap. The arrangement didn’t seem to work out as planned, with some company hiccups involving getting product out the door and some leadership disagreements.
  • Sometimes it’s not meant to be: In Substack’s case, a fresh round of capital. Connie went over the details yesterday of them attempting to raise a Series C, but then calling it off when favorable terms with investors didn’t transpire. Today, Alex peels away some of the onion layers to explain why Substack’s goals, based on its Series B raise in 2021, didn’t translate well in 2022’s investment environment.

Startups and VC

Earlier this week, Anita reported that Adam “WeWork” Neumann is back with a new startup, and raised backing from a16z. In today’s Chain Reaction podcast, Anita and Lucas discuss whether Neumann truly deserves $70 million and another chance. We’re comprehensively confused why anyone would place another bet on him, and we’ll no doubt be following his new startup closely.

A few more gems for ya:

Ride or die-sel

Image of fueling up a tanker truck in Illinois.

Image Credits: Bloomberg Creative (opens in a new window) / Getty Images

Diesel prices alone are driving about 17% of the inflation we’re seeing today, and Tim writes a rousing piece about how gasoline and diesel are perhaps not the greatest, especially given that the economy is peeking over the cliff into an abyss whose depth equals our general optimism around climate at the moment.

Perhaps that’s exactly what’s needed: Maybe when economic and climate interests align, we find the pot of “yay we can live on this planet for a few more years” at the end of the rainbow.

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

  • Sony’s live service plans: Sony is going all in on its live service offerings. This follows the company’s acquisition of Bungie earlier this year. Sony laid out plans this week for its company life after the acquisition, which includes investing heavily into the live service gaming sector, though it did not go into specifics on which of its franchises would get the treatment.
  • Snap to it: We thought Snapchat was just individuals pushing out small “snaps” to other individuals, but the social media giant has bigger plans than that. Its snappy new feature, “Shared Stories,” is a riff on its “Custom Stories” feature to enable users to, well, you can see where we are going with this. Here’s how it works: Users added to a group can add their friends, too, to make it easier to share their stories. Don’t worry, if someone in the friend group is not your cup of tea, your stories won’t be shared with them.
  • Database debacle: Voto Consulting, a New Jersey talent-acquisition firm, learned the hard way what happens when you don’t password-protect a database and leave it on the internet. The résumés and personal information from some 30,000 workers was exposed. As Zack reports, the story gets way more interesting — something that you really need to check out for yourself.
  • Drive time: In today’s transportation news, Rivian opened up its hood and rearranged some things with the company’s engine (yes, we know it’s an electric vehicle) in the way of hiring new COO Frank Klein. This comes amid some other leadership changes as its head of manufacturing said goodbye. Meanwhile, Tesla says it won’t open a manufacturing plant in India until it can first sell and service vehicles in the country. Manish lays out the back-and-forth going on between country and company: Country officials want cars to be built locally and for Tesla to follow its high import duties. Tesla doesn’t want to pay higher fees yet if the market doesn’t test well. Thus a superfun standstill.

Source link

Previous Article

Broker Receives 12-Minute Standing Ovation at Cannes, ...

Next Article

Insider Selling: Fossil Group, Inc. (NASDAQ:FOSL) CEO ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Investment

    Shell: Still A Great Investment Opportunity (NYSE:SHEL)

    September 29, 2022
    By Megan
  • Investment

    Ford investing $1.5 billion in expanded Ohio EV production, Ohio’s investment? Unclear.

    June 3, 2022
    By Megan
  • Investment

    Is ELONGATE a Good Investment? – Cryptopolitan

    February 25, 2023
    By Megan
  • Investment

    More Than 1 in 4 Americans Is Putting Less Money Into Investments Due to Inflation. Here’s Why That’s a Problem

    April 8, 2023
    By Megan
  • Investment

    CalPERS CEO pushes back against politicization of ESG investing

    November 16, 2022
    By Megan
  • Investment

    FTC: Be wary of online investment advice

    January 18, 2023
    By Megan

Leave a reply Cancel reply

You may interested

  • Gold and Precious Metals

    Silver stocks leading after gold bear trap reversal

  • Australian Economy

    What can Australia learn from California’s climate change response?

  • Australian Economy

    Australia Q1 GDP up in the air as strong demand sucks in imports

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • June 3, 2023

    Tom Brady’s investment in Raiders is believed to be more than ceremonial

  • June 3, 2023

    WA Cares investment meeting talks money, mentions renewed website » Publications » Washington Policy Center

  • June 3, 2023

    iHeartMedia’s 30% Gain Leads Music Stocks This Week – Billboard

  • June 2, 2023

    Billionaire Louis Casper Dunweber Revolutionizes the

  • June 2, 2023

    Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Best Reviews

Latest News

Investment

Tom Brady’s investment in Raiders is believed to be more than ceremonial

From time to time, celebrities purchase what amounts to a small sliver of an NFL team. When it comes to Tom Brady’s looming acquisition of a piece of the Raiders, ...
  • WA Cares investment meeting talks money, mentions renewed website » Publications » Washington Policy Center

    By Megan
    June 3, 2023
  • iHeartMedia’s 30% Gain Leads Music Stocks This Week – Billboard

    By Megan
    June 3, 2023
  • Billionaire Louis Casper Dunweber Revolutionizes the

    By Megan
    June 2, 2023
  • Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

    By Megan
    June 2, 2023
  • Recent

  • Popular

  • Comments

  • Tom Brady’s investment in Raiders is believed to be more than ceremonial

    By Megan
    June 3, 2023
  • WA Cares investment meeting talks money, mentions renewed website » Publications » Washington Policy Center

    By Megan
    June 3, 2023
  • iHeartMedia’s 30% Gain Leads Music Stocks This Week – Billboard

    By Megan
    June 3, 2023
  • Billionaire Louis Casper Dunweber Revolutionizes the

    By Megan
    June 2, 2023
  • Tom Brady’s investment in Raiders is believed to be more than ceremonial

    By Megan
    June 3, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • The stage is set for mining-led economic recovery

    By Megan
    December 1, 2020

Trending News

  • Investment

    Tom Brady’s investment in Raiders is believed to be more than ceremonial

    From time to time, celebrities purchase what amounts to a small sliver of an NFL team. When it comes to Tom Brady’s looming acquisition of a piece of the Raiders, ...
  • Investment

    WA Cares investment meeting talks money, mentions renewed website » Publications » Washington Policy Center

    The state has spent a lot of money on its fund for long-term care already, and it still only promises a small benefit to some workers. That was my takeaway from today’s ...
  • Stock Shares

    iHeartMedia’s 30% Gain Leads Music Stocks This Week – Billboard

    Shares of iHeartMedia jumped 30.5% to $3.12 this week, making the radio giant the best-performing stock on the Billboard Global Music Index. The company gained 25.3% on Friday (June 2) ...
  • Financial Market

    Billionaire Louis Casper Dunweber Revolutionizes the

    DUBAI, UAE, June 02, 2023 (GLOBE NEWSWIRE) — With the new development, Billionaire Louis Casper Dunweber is set to disrupt the financial market with KING AI’s free FOREX signals services. ...
  • Financial Market

    Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P ...

    NEW YORK, June 2, 2023 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.