Axios

Detroit’s new recreational cannabis law, welcomed by many, has triggered a land grab and is pushing up prices for property zoned specifically for cannabis shops. Recreational cannabis sales were finally approved, after months of delays, in an 8-1 vote in early April by Detroit...

The Washington Commanders NFL team has seen a series of events in two years that some teams do not see in a lifetime. Here’s a look at the major news stories about the team and how the latest could spell an exit for Commanders’ owner Dan Snyder. What Happened: A new report filed with...

Social media platform OnlyFans could become the latest company to go public to continue its impressive growth. One element of the company’s business could be keeping investors from getting excited about the company and prevent a SPAC merger. What Happened: OnlyFans has held talks with...

The New York Times Co. (NYSE: NYT) is acquiring the sports site The Athletic for approximately $550 million. What Happened: According to a report in The Information sourced from an unnamed “person familiar with the situation,” the acquisition feeds into the Times’ goal of reaching...

A leading financial media company could have an alternative to a previously announced SPAC merger, according to a new report. What Happened: Investment firm GSV Asset Management could be bidding to buy Forbes Media in an alternative buyout for the company versus a previously announced SPAC merger,...

TikTok is one of the most popular apps for the Gen Z market. As the platform continues to grow and launch new products, new entries from the company and a third-party company are bringing new items to TikTok. Employee Recruitment: TikTok could be launching a jobs service for the Gen Z market soon....

Two digital media publishers are in talks to merge and explore going public via SPAC in a consolidation move in a fragmented market. What Happened: Axios and The Athletic have discussed a merger and plans to go public via SPAC, sources told the Wall Street Journal. A potential deal would...

Facebook Inc (NASDAQ: FB) is exploring a new publishing platform to allow journalists to create their own websites and newsletters. What Happened: The yet-to-be-named new platform will be integrated with Facebook’s pages platform, Axios reports. The platform will be free to use., and...

Crypto exchanges were down earlier this week following increased traffic, particularly from new retail investors. What Happened: Earlier today, Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, tweeted that the exchange saw an all-time high in volumes and...

Shares of HubSpot Inc (NYSE: HUBS) were trading higher Thursday after the customer relationship management software provider announced a M&A transaction. What Happened: HubSpot said late Wednesday it has agreed to acquire The Hustle, which produces a newsletter, podcast and premium...

In one of the most anticipated media appearances of the last month, Elon Musk appeared on social media startup Clubhouse. What Happened: The appearance by the Tesla Inc (NASDAQ: TSLA) CEO on Clubhouse covered topics like the surge in GameStop Corp (NYSE: GME), the handling of trade restrictions by...

In a matter of the last 24 hours, Twitter Inc (NYSE: TWTR) has banned Donald Trump’s personal Twitter page, deleted his tweets from the @Potus official presidential account and suspended Trump’s campaign account. What Happened: The social media...

SoftBank Group Corp. (OTC: SFTBY) will be filing for an initial public offering of its first special purpose acquisition company on Monday, Axios reports. What Happened: The Japanese conglomerate is looking to raise between $500 million and $600 million in the IPO, people familiar with the...

Uber Technologies Inc (NYSE: UBER) is nearing a sale of its air taxi business segment, according to Axios. The discussions with California-based aerospace startup Joby Aviation have progressed to advanced levels and, if successful, could be officially announced sometime this month. ...