When $1.1 Billion Gets You a Hangover!

Uber vs. Drizly

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So, turns out not all big startup purchases are winners. Like, Uber dropped $1.1 billion on Drizly in 2021, but now they've decided to pull the plug. Meta had its own drama, selling Giphy for $53 million after some antitrust troubles. Shopify also took a hit, paying $2.1 billion for Deliverr, only to see it sold for way less later on. JPMorgan's $175 million deal with Frank Financial Aid? Total mess with allegations of lying. Guess not every acquisition story has a happy ending, huh?

Sony is making a strategic move into Africa's gaming scene by investing in Cape Town-based studio Carry1st. The undisclosed sum, facilitated by Sony Innovation Fund, aims to tap into Africa's burgeoning gaming market. Carry1st's CEO, Cordel Robbin-Coker, emphasized the untapped console potential in countries like Nigeria and Morocco, where adoption is on the rise. The partnership's focus is on exploring commercial opportunities in this emerging market, with a shared vision of expanding PlayStation's presence in Africa. The move aligns with projections that Sub-Saharan Africa's gaming industry will surpass $1 billion in 2024, fueled by growing console demand, especially through unofficial channels.

Samsung's Galaxy S24 lineup is causing a stir with a two-chip sales approach: U.S. models get Qualcomm's Snapdragon 8 Gen 3, while others rely on Samsung's Exynos 2400. The top-tier Galaxy S24 Ultra avoids Exynos, but its $1,300 price tag raises eyebrows as the priciest non-foldable phone. Oddly, Samsung downplays Exynos in its press material, sparking questions about its confidence in its own processor. The Exynos saga continues from previous disappointments, leaving some wondering if the innovation cost is worth it.

2024's workplace vibe? It's like a post-COVID glow-up! Remote work and the hybrid dance are the cool kids now, with about half the gang still rocking the fully on-site scene. In Bangladesh, hybrids are gaining street cred. Oh, and AI, our work buddy, is becoming a regular at the watercooler – like 50% of global companies are already in on it. Forget coffee perks, now we're talking AI training for stress reduction. Work in the future? It's a chill mix of flex, tech, and good vibes!

After 27 years, Tiger Woods and Nike are parting ways, ending a legendary partnership in golf. Woods thanked Nike's Phil Knight for the incredible journey, marking an iconic era that began in 1996 with a groundbreaking $40 million deal. Despite recent signs of strain, the collaboration produced historic moments and a successful "TW" brand. Nike acknowledged Woods' impact, stating he challenged golf norms and inspired globally. As Woods anticipates another chapter in his storied career, the golf world awaits his next move post-Nike.

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