Friday, October 7

Tag: Finance

Gaming

Stonkbros Are Angry Over Netflix’s GameStop Documentary Trailer

Image: Epic / Google / KotakuBack in January of 2021 GameStop’s stock price exploded as Reddit trolls went to war with old-school investors after the latter bet on the company failing. Reddit et al called their bluff, and well, it’s now the stuff of documentary films. Speaking of, Netflix just released a new trailer for its upcoming documentary about the wild “gamestonks” saga, and it’s made some of the trollish Redditors who were involved in all this very mad. So mad, they’re threatening to cancel their streaming subscriptions.Let’s rewind real quick to (briefly) explain what the hell happened back in January 2021.At the beginning of the year, GameStop’s stock was trading at under $20 a share, and the brick-and-mortar retail chain it was attached to was in desperate need of a Plan B. But ...
Gaming

Phil Spencer Says Xbox Series Price Hikes Unlikely, For Now

Photo: JUNG YEON-JE / Kotaku (Getty Images)Sony turned a few heads when it unexpectedly hiked prices on the PlayStation 5 in the second year of the current generation of consoles. Naturally, many wondered if the same complicated economic situations we all find ourselves in would see a spike in Xbox prices as well. In a recent interview with CNBC, however, Phil Spencer, head of Xbox, stated that raising the price of the Xbox Series line wouldn’t be a wise move for the company right now. He also explained that Microsoft has no plans to slow down on investing in game studios, despite the Activision Blizzard bid.While in Japan for the Tokyo Game Show, Phil Spencer appeared on CNBC to talk about Microsoft’s potential interest in acquiring more companies, how it sees itself in the Japanese video...
Gaming

EVGA, Big Graphics Card Maker, Has Messy Breakup With Nvidia

Times have been tough.Image: Kotaku / San Francisco Chronicle / Hearst Newspapers (Getty Images)And now for something that no one saw coming: EVGA, one of the most prominent third-party PC graphics card manufacturers, and a favorite brand among PC gamers for quality parts and reliable warranties backed by solid customer service, is terminating its longtime relationship with Nvidia. What’s more, the company reportedly said that it won’t be pursuing partnerships with competing silicon giants like AMD or Intel, either. It seems like EVGA is just done with GPUs.Kotaku has reached out to EVGA for comment.News of EVGA’s seemingly sudden decision to stop manufacturing GPUs broke via the popular YouTubers GamersNexus and Jayztwocents. Personalities from both channels say that they were invited to ...
Gaming

Call Of Duty Remains On PlayStation A Few More Years

Sony gets “several more years” of joint custody over Call of Duty with Microsoft.Photo: Activision / Kotaku / Barone Firenze (Shutterstock) (Shutterstock)Good news PlayStation Call of Duty players: Microsoft says you get to have “several more years” of playing the shoot-bang game on your Sony console. According to The Verge, earlier this year Microsoft’s Xbox boss Phil Spencer made that commitment to PlayStation boss Jim Ryan in a written letter saying that Call of Duty wasn’t going to disappear off the PlayStation storefront anytime soon if Microsoft’s acquisition of Activision Blizzard is approved by regulators.“In January, we provided a signed agreement to Sony to guarantee Call of Duty on PlayStation, with feature and content parity, for at least several more years beyond the current S...
Gaming

GameStop Will Start Paying Some Employees With Meme Stock

Photo: Michael M. Santiago (Getty Images)GameStop, a very coherent and logical company that sells physical video games but also fluffy toys, worthless NFTs and the promise of a get-rich-quick scheme, just announced an “improved compensation” scheme for the most senior employees of its bricks-and-mortar video game stores.In a memo sent to employees earlier today—and shared by Axios’ Stephen Totilo—GameStop CEO Matt Furlong says that “while we continue evolving our ecommerce and digital asset offerings, our store fleet will remain critical to GameStop’s value proposition”, and as a result will be “rolling out an improved compensation model for Store Leaders”.For Assistant Store Leaders and Senior Guest Advisers, that comes in the form of an undisclosed increase in their hourly pay. For Store...
Gaming

Crunchyroll Buys Popular Anime Video Store, Removes Its Hentai

Image: Crunchyroll / Fakku / BoBoBo / KotakuYesterday, Crunchyroll announced its acquisition of Right Stuf, a popular online video publisher and distributor of anime products. The anime streaming service touted its merger leading to an expanded eCommerce platform that would allow it to serve a wider array of customers with anime goodies. However, the CEO of FAKKU, the world’s largest distributor of adult manga, said Crunchyroll left out one important detail of its acquisition: the removal of hentai. Crunchyroll, the internet’s leading anime streaming service, includes explicit content—up to a point. Over the years, as anime has become more popular, the streamer has become more conservative in its offerings, specifically with its figurines and shows. The surge in anime popularity, however,...
Nebraska ends fiscal year with record $6.35 billion revenues | Politics
Politics

Nebraska ends fiscal year with record $6.35 billion revenues | Politics

LINCOLN — Nebraska closed out its fiscal year on a record high note, with net tax revenues nearing $6.35 billion, according to a new state report.The Nebraska Department of Revenue report, released Friday, shows the state collected $624 million more for the fiscal year that ended June 30 than predicted just four months earlier. The total is up 10.9% from those February projections, which in turn were $370 million higher than projections issued in October.The new revenue figures had some policymakers talking about tax cuts while others said the money should be used as a hedge against an economic downturn.  State Sen. Lou Ann Linehan of Elkhorn, the Revenue Committee chairwoman, said the increased revenues mean lawmakers should do more to reduce taxes next year, perhaps by c...
Contrasting Horizon Technology Finance (NASDAQ:HRZN) and Tekla Life Sciences Investors (NYSE:HQL)
Science

Contrasting Horizon Technology Finance (NASDAQ:HRZN) and Tekla Life Sciences Investors (NYSE:HQL)

Horizon Technology Finance (NASDAQ:HRZN – Get Rating) and Tekla Life Sciences Investors (NYSE:HQL – Get Rating) are both small-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their dividends, valuation, analyst recommendations, profitability, risk, earnings and institutional ownership. Insider and Institutional Ownership 11.3% of Horizon Technology Finance shares are held by institutional investors. Comparatively, 20.7% of Tekla Life Sciences Investors shares are held by institutional investors. 1.5% of Horizon Technology Finance shares are held by insiders. Comparatively, 10.1% of Tekla Life Sciences Investors shares are held by insiders. Strong institutional ownership is an indication that endo...
Gaming

Everything We Know About WWE’s Investigation Of Vince McMahon

Photo: John W. Ferguson (Getty Images)WWE CEO and chairperson Vince McMahon “voluntarily stepped back” from his roles within the company amid an investigation of an alleged affair and payout with a WWE employee, according to the Wall Street Journal. Here’s everything we know about McMahon’s ongoing investigation so far. What are the allegations?McMahon is being accused of having an affair with a former WWE paralegal and paying her $3 million as part of a separation agreement from January that also barred her from discussing or disparaging her relationship with him, according to the Wall Street Journal. An internal probe issued by a WWE special committee reportedly found McMahon issued similar nondisclosure agreements with other former female WWE employees alleging misconduct from both McMa...