Know The Difference Minute

$15 million in Ether drained.

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Time for the Know the Difference Minute, 3 stories making news today.

Big deal in the gaming world today with Microsoft buying Activision Blizzard for nearly $69 billion. It’s an all-cash deal for the company that makes Call of Duty and Candy Crush among others. With the move, Microsoft becomes the world’s 3rd largest gaming company by revenue behind Tencent and Sony.

Peloton was a winner during lockdown with shares rising more than 440% in 2020 before tumbling 76% last year and hitting 52-week low this week. It’s under a hiring freeze currently and will soon charge new customers an extra $250 to deliver and assemble the company’s bikes and treadmills.

It was a tense 12-hours Monday for Crypto.com when the platform paused its users’ ability to withdraw funds after suspicious activity and up to $15 million in Ether being drained. Back up now but its urging its 10 million users to reset 2-factor authentication.

For Dave Spano, I’m Danny Clayton from Annex Wealth Management. That is your Know the Difference Minute.