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Many brands are starting to see a recovery despite the challenges initially posed by the pandemic. Some companies, especially those that have focused their efforts on expanding e-commerce businesses, have even seen their profits increase even more than before.
HYPEBEAST has put together the best trading and crypto stories of the week so you can stay on top of trends across industries.
Company 1. Apple remodeled iconic Los Angeles theater to make way for new retail space
Considered one of Apple’s most significant restoration projects to date, the new store is located in the historic Tower Theater. Apple has also launched a global initiative called Apple Creative Studios, which will provide hands-on mentorship to inspiring creatives.
Today we opened the doors of our new store in downtown LA Apple Tower Theater. It is a testament to a city rich in culture and diversity. I was so excited to be a part of DTLA! pic.twitter.com/l4UQmZQ5x4
Tim Cook (@tim_cook) June 24, 2021
2. GOAT valuation climbs to US $ 3.7 billion
GOAT Group is enjoying the financial windfall of a successful Series F fundraiser that raised US $ 195 million and raised the company’s valuation to US $ 3.7 billion. The money raised also recognizes GOAT’s strong performance in recent months and how it has weathered the COVID-19 pandemic.
3. Buzzfeed acquires Complex Networks for US $ 300 million
BuzzFeed acquires Complex Networks as part of its proposed IPO as part of a merger with ad hoc acquisition company 890 Fifth Avenue Partners. The deal will include $ 200 million in cash and $ 100 million in equity in BuzzFeed.
We have SPACtacular news: @BuzzFeed has announced plans to go public and acquire @Complex, adding to the dream team ?? from @BuzzFeedNews, @HuffPost, @Tasty and @BuzzFeed. ??
You can find more deets here: https://t.co/lBkEF37m7b
RP BuzzFeed (@BuzzFeedPR) June 24, 2021
4. Microsoft’s market capitalization exceeds US $ 2 trillion for the first time
Microsoft first took the leap in Tuesday’s trading shortly after unveiling its latest Windows 11 operating system. The new record also comes shortly after CEO Satya Nadella was appointed chairman of the board. ‘administration.
5. Nike shares hit record high after impressive fourth quarter growth
Shares of Nike Inc. hit an all-time high on Friday after the sneaker giants released their impressive fourth quarter report. In the filing, Nike said its fourth quarter reported revenue was US $ 12.3 billion, a 96% increase from the previous year.
As expected, Nike T4 $ 12.3 billion, + 96% over the previous year and + 21% over Q4 2019. Full year + 19% to $ 44.5 billion. NIKE Direct Q4 73% to $ 4.5 billion. Gross margin for the fourth quarter increased 850 basis points to 45.8%.
Matt Powell (@NPDMattPowell) June 24, 2021
Crypto 1. Beeple’s Latest Art Project Lets People Buy Moments In Time In The Form Of NFT
Designer and digital artist Mike Winkelmann, also known as Beeple, on Thursday unveiled his latest project, which allows people to buy historical moments in time and own them as NFTs. The new platform, called WENEW, hosts these iconic cultural milestones and offers them as digital collectibles on the Ethereum blockchain.
very happy to announce the launch of https://t.co/K0TMwMJWwZ !!!
this is a new project we’re working on, focused on giving people the chance to collect iconic moments from music, sports, comedy, history, etc. on the blockchain. ??? pic.twitter.com/WqhkFwLFBo
Beeple (@beeple) June 24, 2021
2. DeLorean calls on artist MADSTEEZ for a collection of animated NFTs
DeLoreansDMC-12 turns 40 this year. The auction includes a special edition featuring an original 1 in 1 restored DMC-12.
3. JAY-Z Celebrates 25th Anniversary Of Debut Album Reasonable Doubt With NFT Auction
JAY-Ztappé artist Derrick Adams has designed an NFT that reimagines the iconic cover of a man tilting his hat and holding a cigar. Reasonable Doubt was released in 1996.
4.El Salvador gives each citizen $ 30 worth of bitcoin
Salvadoran President Nayib Bukele offers citizens $ 30 worth of bitcoin when they sign up for the government’s new crypto wallet called Chivo. Earlier this month, the country made history by becoming the first country in the world to recognize bitcoin as legal tender.
5. Africrypt’s founders deny any involvement in an estimated $ 3.6 billion bitcoin “heist”
The founders of Africrypt in South Africa disappeared with around $ 3.6 billion in bitcoin. Their lawyer told the BBC: They claim it was a hack and they were taken from these assets.
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