The New York Times has entered the NFT game, selling the chance to own “the first article in the almost 170-year history of The Times to be distributed as an NFT” – and it’s sold for right around $560,000. While the Paper of Record isn’t the first brand to sell one of the digital tokens, it’s certainly been one of the more successful.
According to Public Citizen’s report, lobbying teams of big tech companies are using campaign contributions, existing relationships, and past experience to swing policy in their favor. Amazon increased its spending on lobbying by 30% from 2018 to 2020 spending $18.7 million, while Facebook spent around $19.6 million.
Facebook is making changes to its Rights Manager that enables video content creators to catch hold of pirates and get their due compensation. This tool was tracking video matches so far and can detect content violations also. This is meant to check big creators and channels managing content without compensating the creator.
Rupert Murdoch’s News Corp., the publisher of the Wall Street Journal, agreed to acquire Investor’s Business Daily, adding it to his portfolio of business publications. News Corp. will pay $275 million to buy the financial news and research business from O’Neil Capital Management.
BBG Ventures, an eight-year-old, New York-based seed- and early-stage venture firm that only backs founding teams that feature at least one woman, just locked down $50 million in capital for its third fund, a major leap over its first two funds, both sized at $10 million.
Co-founder and CEO of meal kit startup Blue Apron, Matt Salzberg, has started a new venture studio called Material. The startup studio has been operating for the past year and has closed its first $25 million funds. Salzberg stated that Material will have “a very slow and deliberate approach to company creation”.
Known popularly as MrBeast, the hit YouTuber, Jimmy Donaldson, has 56 million subscribers on YouTube. He announced a $2 million investment fund called ‘Juice Funds’ for up-and-coming creators to establish their channels.