Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.
HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries.
Business
1. Elon Musk has sold about $5 billion USD of Tesla stock so far
Musk had asked his Twitter followers via poll whether he should let go of some of his personal holdings. Musk still holds over 166 million shares.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
2. Steam Deck won’t be shipped until February 2022
Valve‘s highly-anticipated all-in-one gaming device Steam Deck will not be delivered to customers until February 2022. The company said that global supply chain issues led to them pushing back the launch date.
3. Apple has launched a subscription service for small businesses
Apple has launched a new subscription service for small businesses called Apple Business Essentials. Integrating device management, iCloud storage and Apple support, the service is specially geared towards small businesses with up to 500 employees.
4. Twitter Blue launches in the U.S.
The $2.99 USD subscription service includes a multitude of special features including the ability to undo a tweet, customize the Twitter app icon, access to ad-free articles from 300 U.S.-based publications and more. Twitter will pay a percentage of its users’ subscriptions to participating news websites based on what its users read.
It’s time to flex those Twitter fingers and take it to the next level ?
Twitter Blue is now available for subscription in the US, New Zealand, Canada, and Australia on iOS, Android, and web pic.twitter.com/if3wXfoGpB
— Twitter Blue (@TwitterBlue) November 9, 2021
5. Roblox reports better-than-expected Q3 2021 results
Revenues from Roblox increased 102% year over year to reach $509.3 million USD. The platform’s average daily users reached 47.3 million players, marking an increase of 31%, with hours engaged going up 28% to a staggering 11.2 billion hours.
Crypto
1. Beeple’s ‘HUMAN ONE’ generative NFT sold for $29 million USD
The work — a kinetic video sculpture with a corresponding dynamic NFT — is designed to continuously display artwork that will evolve over time. Beeple will have remote access to the artwork and creative control over its content forever.
2. Twitter is building out an entire team dedicated to Crypto
Twitter is expanding its interest in cryptocurrency, building out an entire team focused on exploring cryptocurrency, blockchain and other decentralized technologies. Software engineer Tess Rinearson has been named as the head of the new division.
3. Universal Music Group has created a Bored Ape Yacht Club band called KINGSHIP
The project was created by 10:22PM founder Celine Joshua in collaboration with Jimmy McNeils, a leading NFT collector, who provided the Apes for the group. 10:22PM is Universal Music Group’s next-gen metaverse label.
4. Tim Cook confirmed that he has personal investments in crypto
Cook didn’t reveal exactly which coins he held, Cook did explain that he’s been researching cryptocurrencies “for a while” and that he thinks they’re “interesting.” He added that Apple has been looking at accepting Bitcoin as a form of payment,
5. The buyer of a $3.4 million USD Bored Ape NFT shared why he’s in it for the long run
Last month, Brandon Buchanan, a.k.a rhincodon, bought a super rare gold fur Bored Ape NFT. Click on the link above to read about how he sees NFTs as an integral part of the digital future.
#AuctionUpdate #BAYC #8817 sells for a RECORD $3,408,000 USD! This is the first time it has been made available since it was minted. Less than 1% of all Bored Apes have the gold fur trait. From the collection of @j1mmyeth #NativelyDigital pic.twitter.com/HfFTpEOIUh
— Sotheby’s Metaverse (@Sothebysverse) October 26, 2021
