The time Americans spend streaming television has skyrocketed during the pandemic, causing a mad dash by content companies, tech firms and advertisers to invest unprecedented amounts in digital TV.
Verizon Media Group, the media division within Verizon, has 3 million people that pay for subscriptions across its portfolio of Yahoo-related products, like Yahoo Fantasy, Yahoo Finance and others, executives tell Axios.
Why it matters: Moving forward, the goal will be to rebrand most of its media franchises as Yahoo products, and to focus on selling subscriptions to those products via a rebranded subscription portfolio called "Yahoo Plus."
There's been a deafening silence from GameStop since the company's stock took Reddit boards — and the world — by storm. That will change on Tuesday.
What's happening: Executives will release quarterly earnings and speak publicly to Wall Street for the first time since a Reddit-fueled rally caused a historic surge in its stock price.
Social media giants have taken a number of steps to try to clear misinformation off their platforms, but those efforts aren't likely to appease furious lawmakers in both parties.
What's happening: When they testify virtually before House lawmakers on Thursday, Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai and Twitter CEO Jack Dorsey will point to recent company policy changes to argue they're doing what they can to stem the tide of misinformation and extremism online.
Telegram, a popular chat app with more than 500 million monthly active users, has raised $150 million in new five-year pre-IPO convertible bonds from sovereign fund Mubadala and Abu Dhabi Catalyst Partners, the firms said on Tuesday.
Why it matters: The company reportedly owes creditors $700 million by the end of April as a result of having to pay back money it had raised from selling digital tokens starting in late 2017, according to the Wall Street Journal.
President Biden will nominate antitrust expert Lina Khan to be a commissioner on the Federal Trade Commission, the White House said Monday.
Why it matters: The nomination of Khan, prominent for her work on how to apply antitrust laws to the tech industry, signals the Biden administration wants aggressive oversight of the sector.
A fire at a semiconductor chip plant in Japan threatens to make life worse for automakers already struggling to get critical chips amid a global shortage.
The big picture: The chip industry was already facing its biggest supply challenge in years amid unexpectedly strong demand, exacerbated by an earthquake in Japan and snow storm in Texas.
Apple CEO Tim Cook and other top Apple executives are expected to be among the witnesses when a trial begins in the company's legal battle with Fortnite creator Epic Games, according to an initial witness list Apple released late last Friday.
Why it matters: The lawsuit is with Epic, but at stake is Apple's way of doing business in the App Store, including its 30% cut and requirement that developers use only Apple's in-app payment system for digital goods.
Tech companies bracing for increased scrutiny in Washington are leaning on their last friends in town — the libertarians.
Why it matters: Progressive liberals and populist conservatives alike are ramping up their attacks on the tech industry. So the once-beloved darlings of Silicon Valley are scrambling to gain traction on Capitol Hill with the dwindling ranks of Republicans who still believe in laissez-faire, even for the tech industry.
David Dobrik, the YouTube star who also co-founded buzzy photo app Dispo, is stepping down from its board and leaving the company, the startup told Axios.
Why it matters: Earlier on Sunday evening, venture firm Spark Capital announced it was stepping off Dispo's board and severing ties with the company in light of recent accusations of sexual assault against members of Dobrik's entourage. Some sponsors have also cut ties with Dobrik in the last several days.
