Activision Blizzard shares tumbled Tuesday after a bombshell report from the Wall Street Journal found the Santa Monica-based gaming company's CEO knew of and tried to hide allegations of a rape in 2018. The way Activision reportedly handled it now has many employees vowing to walk out in protest, not long after revelations of an earlier, separate harassment lawsuit spawned a walkout over the summer. Read more
Here's what else we're reading in the news:
- Netflix launches a new website to feature top 10 movies and shows on its platform, based on total hours viewed.
- L.A.-based space startup Inversion raises $10 million in seed funding.
- Luxury Presence, a startup providing marketing software to real estate companies, raises $25.9 million.
- Some TikTok users are now eligible to receive funds from a class action lawsuit settlement.
- L.A.-based ZeroWaste launches an app for sustainable shopping and compostable or recyclable shipping.
Activision Blizzard Workers Threaten Walkout After New Report
Employees at game publisher Activision Blizzard are planning to walk out once more after a bombshell report Tuesday detailed new assault claims and alleged that CEO Bobby Kotick was aware of a rape settlement at an Activision-owned studio nearly five years ago — but didn't report it to the board.
Acelyrin's Plans to Move Beyond the 'Innovate and Exit' Model
After a decade in the pharmaceutical industry and a recent $250 million raise, Acelyrin co-founder Shao-Lee Lin isn't interested in be swallowed up by a pharmaceutical giant. She wants to create the next Amgen.
Gaming Channel G4 Reboots After Seven Years
Originally created by former Disney president Charles Hirschhorn, G4 was seen as too niche when it shuttered in 2014. Seven years later, as esports and gaming are roaring after the pandemic, G4 is back.