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Viral Nation, announced an initial funding round of $250 million led by Eldridge, with participation from Maverix Private Equity, to fuel the company’s technology and market growth strategies. Founded as an influencer marketing agency in 2014, Viral Nation has evolved to meet the needs of an impressive roster of Global 500 clients. Bigg Digital Assets Inc. is reporting that its subsidiary, Netcoins, experienced a security breach that allegedly allowed a customer to fraudulently withdraw an estimated $1.58 million. The startup reported the software vulnerability was fixed within an hour. Canada has lost $154 million in cryptocurrency through three breaches and one fraud between 2011 and 2021, according to a report from Crystablockchain.com. As the Twitter – Elon Musk drama unfolds, including Elon Musk now being sued by former Twitter shareholders; Twitter Inc. announced on Friday that the company has adopted a shareholder rights plan, or “poison pill,” that will reduce the chances that a person or group will take control of the company. The announcement comes after Elon Musk’s offer of US$54.20 per share was made public on Thursday. Bucking the gloom of other tech equities, shares of Indonesian ride-hailing and e-commerce company GoTo rose as much as 23% after it raised US$1.1 billion in its domestic stock market debut. Oracle-backed server processor startup Ampere Computing said Monday that it plans to go public, filing initial confidential paperwork with the SEC. Epic Games said on Monday it had raised US$2 billion from Sony Group Corp and the family owned holding company behind the Lego Group, valuing the “Fortnite” creator at US$31.5 billion. Charlie Munger’s Daily Journal halved its Alibaba stake to 300,000 shares last quarter. The newspaper publisher nearly quadrupled its Alibaba holdings during the second half of 2021. Amazon is hitting its sellers with a 5% fee due to inflation and increased fuel costs, and there’s a good chance products will get more expensive as a result.

Sophic Client GameSquare Esports (GSQ-CSE, GMSQF-OTC, Sophic Client) announces US$3.0 million Private Placement led by Goff Capital and the Jones Family and a new strategic investor to further strengthen the Company’s shareholder base. In a recent report, we examine, Sophic Client, Edge Total Intelligence (CTRL-TSXV) offerings as edgeTI’s software provides enterprises a single point of control software enabling the rapid coordination and execution of informed decisions. This is a US$23 billion industry, and edgeTI is establishing itself to grow in this industry. Shopify told employees on Thursday that it will raise all employees’ base salaries, The Information has learned. The salary increases will come into effect starting in July, according to a person familiar with the matter. The move follows The Information’s report that Shopify was suffering from staff defections, even as Shopify’s stock plunge this year has reduced the value of recent stock grants. Canada Pension Plan Investment Board (CPP Investments) today announced that it has invested US$425 million in VerSe Innovation Private Limited, one of India’s leading content technology platform companies. PokerStars and FanDuel join forces to strike major partnership deal with Maple Leaf Sports & Entertainment. Gartner forecasts global tech spending to hit US$4.4 trillion this year, up 4%. Buffett’s Berkshire reveals stake in HP; shares surge almost 10%. Twitter shares surge after disclosure Elon Musk has taken stake. Amazon, Alphabet and others are quietly rolling out drone delivery across America. Cash App discloses security breach impacting over 8 million users. Apple Pay surpasses Venmo and PayPal as teens’ favorite payment app, shows Piper Sandler survey. Meta Platforms’ financial arm, Meta Financial Technologies, has been exploring the creation of a virtual currency for the metaverse, the Financial Times reported.