Aug 16, 2017

Angry Bird maker Rovio plans to go public

The problem with Rovio going public isn't that the Finnish game maker is best known for its years-old hit, Angry Birds. The problem is that it is onlyknown for the Angry Birds franchise.

The company has proven itself adept at making the most of the hit game, to be sure, spawning years of sequels, merchandise galore, and even a blockbuster movie. The Angry Birds Movie, along with strong game sales, allowed revenue to nearly double last quarter, according to Rovio's earnings report Tuesday.

Yes, but: For a company that has touted itself as the next Disney, Rovio has failed to produce a second hit, let alone the steady string of successes needed to build a true entertainment powerhouse. Despite that, Bloomberg reports that the company wants to go public as soon as next month, raising as much as $400 million at a $2 billion valuation.

My thought bubble: Would-be investors would be wise to study a bit of company history. The company had released dozens of games before its first hit, the original Angry Birds, and nearly went out of business. More recently, the company had to retrench after its growth stalled and in 2015 the company was forced to make massive job cuts as its business came back to earth.

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America's dwindling executions

The Trump administration wants to reboot federal executions, pointing to a 16-year lapse, but Pew Research reports the government has only executed three people since 1963.

The big picture: Nearly all executions in the U.S. are done by states. Even those have been steadily dropping for two decades, per the Bureau of Justice Statistics (BJS) — marking a downward trend for all executions in the country.

Top NSC official may be moved after "Anonymous" rumor fallout

President Trump at the Daytona 500. (Photo: Chris Graythen/Getty Images)

Top Trump administration officials are in discussions to reassign deputy national security adviser Victoria Coates to the Department of Energy from the National Security Council, per two sources familiar with the planning.

Why it matters: Coates' working relationship with National Security Adviser Robert O'Brien, who elevated her to the deputy role only months ago, has strained amid an effort by some people inside the administration to tag her as "Anonymous" — a charge she has vehemently denied to colleagues.

Jeff Bezos commits $10 billion for climate change research

Bezos at Amazon Smbhav in New Delhi on Jan. 15. Photo: Sajjad Hussain/AFP via Getty Images

Amazon founder Jeff Bezos announced the launch of his "Earth Fund" on Monday via Instagram to fund climate change research and awareness.

What he's saying: Bezos says he's initially committing $10 billion to fund "scientists, activists, and NGOS" that are working on environmental preservation and protection efforts.