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.
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.
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.