Roblox Forecasts Losses as Pandemic Demand Wanes

Fourth EstateKids Playing Roblox - Henry Burrows

Roblox Corp. said it expects to see losses in the “foreseeable future” as demand for the company’s popular game begins to slow down from pandemic highs. The company reported a 3% decrease in bookings of $631.2 million, well below $645 …

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Taliban Bans TikTok and PUBG Due to Immorality

Fourth EstatePUBG Screenshot - Whelsko

The Taliban-led Afghanistan government will ban China-owned video application TikTok along with the mobile game PUBG due to its alleged immorality and because it was a “waste of time.” Taliban Spokesman, Inamullah Samangani said in a tweet that the Tiktok, …

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North Korean Hackers Blamed for $620m Axie Cryptocurrency Heist

Fourth EstateNorth Korea Hacker montage - Fourth Estate

The FBI has blamed North Korean hacking group, Lazarus, for the $620m Ethereum heist that targeted gaming company Ronin Network. Ronin Network owner Sky Mavis, said the US Department of Treasury and FBI have pinned the attack on their networks …

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Judge Approves $18 Million Settlement in Activision Blizzard Sexual Harassment Lawsuit

A United States judge on March 29 approved an $18 million settlement between Activision Blizzard and the U.S. Equal Employment Opportunity Commission (EEOC) to resolve a sexual harassment lawsuit against the gaming company. U.S. District Judge Dale Fischer said during …

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Hackers Steal Over $600 Million from Maker of Video Game Axie Infinity

Hackers stole assets worth over $600 million from the blockchain network that supports the popular video game Axie Infinity, becoming one of the largest crypto hacks of all time. Hackers breached the Ronin Network, a blockchain service developed by Sky …

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Microsoft to Acquire Activision Blizzard for Almost $70 billion

Microsoft announced it will acquire Activision-Blizzard for $68.7 billion. “Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the …

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Take-Two Acquires Zynga for $12.7 Billion

Grand Theft Auto and NBA 2K Publisher Take-Two has bought Farmville maker Zynga for $12.7 billion. “We are thrilled to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile, the fastest-growing …

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