Execs seemed confused about the metaverse on Q3 earnings calls

A new video by Inspired by Iceland pushes back against experiencing life through the “metaverse,” as described by Mark Zuckerberg during Facebook’s rebranding to Meta on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Online dating apps, a crypto exchange and a professional wrestling brand are among the many companies that tried … Read more

Backblaze takes opposite IPO route to Rivian, going public on small valuation and minimal funding

Gleb Budman, co-founder and CEO of Backblaze, center, appears in New York for the company’s Nasdaq debut on Nov. 11, 2021. Source: Backblaze Electric-vehicle maker Rivian Automotive, which has almost no revenue, dominated the headlines this week after raising close to $12 billion in its IPO and then watching its market cap swell past $105 … Read more

Quentin Tarantino to offer seven uncut scenes from ‘Pulp Fiction’ as NFTs

Film director Quentin Tarantino, portrait, standing by a poster for his film ‘Pulp Fiction’, London, United Kingdom, 1994. Martyn Goodacre | Hulton Archive | Getty Images Quentin Tarantino is breaking into NFTs. Announced Tuesday, the award-winning director and writer is auctioning off seven uncut scenes from “Pulp Fiction” as nonfungible tokens, also including original handwritten … Read more

Wall Street expects a slowdown in Robinhood’s crypto business in the third quarter

Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Robinhood’s crypto business has become increasingly important to the trading app’s top line, and many on Wall Street are calling for a drop off from the record trading levels in the … Read more

Top Facebook digital currency engineers depart to join Andreessen Horowitz’s crypto fund

Marc Andreessen speaking at the 2017 ReCode Conference on May 30, 2017. Asa Mathat for Vox Media Two of Facebook’s top engineers on its blockchain and digital currency project left the company to join Andreessen Horowitz’s crypto team, the venture capital firm told CNBC on Monday. Riyaz Faizullabhoy and Nassim Eddequiouaq spent the past two … Read more

Affirm says crypto investing will soon be available to customers with savings accounts

A shopper looks through clothes on her iPad device. Source: Twenty/20 Affirm, an online lender that helped popularize the “buy now, pay later” business model before moving deeper into banking, just became the latest fintech company to hop on the bitcoin bandwagon. In an investor presentation Tuesday night, Affirm CEO Max Levchin said his company … Read more

Amplitude’s direct listing is at least sixth this year as the IPO alternative gains traction in tech

Amplitude CEO, Spenser Skates, in Times Square after ringing the opening bell at NASDAQ headquarters on Tuesday, Sept. 28, 2021 in New York. Andrew Kelly | AP As vocal as Benchmark’s Bill Gurley has been about his preference for direct listings over IPOs, his venture firm has had limited success in getting its own portfolio … Read more

Stocks making the biggest moves premarket: Robinhood, Coinbase, Roku, Nike and more

Check out the companies making headlines before the bell: Robinhood (HOOD), Coinbase (COIN) — Shares of the retail trading app and cryptocurrency exchange fell in premarket trading after China signaled that it was intensifying its crackdown on crypto. The country’s central bank said Friday that all cryptocurrency-related activities are illegal. Shares of Coinbase fell more … Read more

Cloudflare CEO says crypto exchanges are a popular target for cyber attackers

Cryptocurrency exchanges have become a popular target for cyber criminals, Cloudflare CEO Matthew Prince told CNBC’s Jim Cramer on Monday. “The old adage is, Why do bank robbers rob banks? It’s because it’s where the money is,” Prince said in an interview on “Mad Money.” “One of the biggest places that cyber attackers are going … Read more

Peter Thiel-backed crypto broker Bitpanda triples valuation in five months to $4.1 billion

A visual representation of bitcoin. STR | NurPhoto via Getty Images LONDON — Bitpanda, a European cryptocurrency trading platform, has raised $263 million in a fresh round of funding valuing the company at $4.1 billion. That’s more than three times the $1.2 billion Bitpanda was worth in its last private financing round five months ago. … Read more