Visuals

Malaysian video subscription service iflix raises $50 million pre-IPO

Illustration of an old TV
Illustration: Rebecca Zisser/Axios

Iflix, a Malaysia-based streaming video subscription service focused on Southeast Asia and the Middle East, raised over $50 million in what it refers to as pre-IPO funding.

Why it matters: Netflix needs to expand in emerging markets, as its recent subscriber numbers suggest saturation in its core geographies. Iflix, which claims to have nearly doubled active users to 17 million in the past 6 months, presents one of several homegrown hurdles.

Baseball card collecting world rocked by fraud scandal

Illustrated collage of several of baseball cards from different eras taped together into a single card.
Illustration: Aïda Amer/Axios

The FBI has launched a criminal investigation into the world of baseball card collecting — one that involves an industry-leading appraisal firm, a well-known memorabilia dealer, and an auction house, WashPost reports.

Details: This scandal began after two online collectors tracked hundreds of cards as they were (1) graded by an appraisal firm, (2) obtained by a "card doctor," (3) altered and resubmitted for a higher grade, and then (4) sold through an auction house.