Monthly Archives: November 2022

Phil Spencer says the cost of living is hurting Xbox, ‘we aren’t food or shelter’

The cost of living crisis has played a critical role in everyone’s lives, we all have to cut down and make hard decisions. However, the question remains: how does non-essential entertainment like games factor into this?  Recently, in an interview with The Verge, CEO of Microsoft Gaming, Phil Spencer, talked about how the cost of…

Microsoft admits it banned more than 7 million Xbox live accounts in 6 months

Since the beginning of 2022, Microsoft has banned over 7 million Xbox accounts for breaching its community guidelines.  It’s not all smooth sailing for those lucky enough to be gaming on the Xbox Series X. As Microsoft released its first Digital Transparency Report, it turns out that Microsoft may have been a bit trigger-happy.  From…

Trump’s 2024 bid puts the DOJ in a tough position as it continues its investigations into the former president

Attorney General Merrick Garland tightened Justice Department policies to prevent political appointees from attending partisan events. Drew Angerer/Getty Images Former President Donald Trump has officially launched his bid for the presidency in 2024.  He still faces multiple ongoing Justice Department investigations. Trump will likely step up claims that the investigations are politically motivated.  Never before…

Elon Musk — who said Twitter would be the ‘most accurate’ — apparently snubs Jimmy Fallon’s plea to stop #RIPJimmyFallon from trending

Jimmy Fallon; Elon Musk. Charles Sykes/Invision/AP, File; Hannibal Hanschke/Pool Photo via AP, File Jimmy Fallon pleaded for Elon Musk to stop the false #RIPJimmyFallon from trending on Twitter. But the social media giant’s new billionaire owner apparently snubbed the comedian. “Fix what?” Musk tweeted back to Fallon on Wednesday morning as the hashtag was still…

Murdoch’s New York Post buries coverage of Trump’s re-election speech on page 26: ‘Florida Man Makes Announcement’

New York Post buries Trump’s 2024 Presidential bid on page 26 New York Post The New York Post buried Donald Trump’s 2024 Presidential announcement on page 26.  The publication also took a shot at his health in its short article reporting the news. The once-loyal Post has turned on the former president since the GOP’s…

The fallout of Sam Bankman-Fried’s FTX spreads as Gemini Earn and Genesis Global Capital suspend withdrawals

Tyler Winklevoss. Joe Raedle/Getty Images The crypto lending arm of Genesis Global Trading is suspending customer withdrawals, days after Sam Bankman-Fried’s FTX filed for bankruptcy.   Gemini Earn, run by the Winklevoss brothers, said it also paused withdrawals on its lending program.  Genesis Global Capital is the lending partner of the Gemini Earn program, which…

Q&A: SumUp exec on finding growth opportunities during a downturn

It’s been an eventful year for the payments industry as economic uncertainty pummels fintech valuations and firms reconsider growth plans. But there’s also opportunity in the downturn for companies to consolidate their market positions and expand into new verticals as smaller competitors cut back. UK-based point-of-sale payments provider SumUp, for example, is plowing ahead with expansion despite a…