Apple Hits Record Revenue and Twitter Reconsiders Elon Musk’s Offer in This Week’s Business and Crypto Roundup

While Bored Ape Yacht Club’s ApeCoin soared.

NFT
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Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.

HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries.

Business

1. Blackstone Group is reportedly looking to acquire gaming company Ubisoft

According to Bloomberg, the French studio behind the Assassin’s Creed and Rainbow Six franchises has been looking to sell in recent months. It has now attracted the attention of several private equity firms including the Blackstone Group and KKR & Co.

2. Twitter is reportedly reconsidering Elon Musk’s $43 billion USD offer

According to The Wall Street Journal, Twitter is now “taking a fresh look” at Musk’s offer. The two parties are said to have met on Sunday to negotiate.

3. Apple saw $97 billion USD in revenue in Q2

This March marked the company’s best yet, with $97.3 billion USD in revenue, a 9% jump from this time last year. On an earnings call, Apple CEO Tim Cook deemed Q2 earnings “better than we anticipated.”

4. Samsung reported its first-quarter profits

The South Korean tech company reported revenue jumping approximately 51% from the same quarter last year. For its Device Experience division, the quarter marked its highest revenue since 2013, while the Device Solutions division hit an all-time high for quarterly revenue.

5. Razer executives proposed a plan to go private

According to Reuters, the gaming giant is looking to purchase all remaining shares and take the company private under chairman and founder Min-Liang Tan and non-executive director Kaling Lim. The deal would value the Hong Kong-listed company at $24.7 billion HKD (approximately $3.17 billion USD).

Crypto

1. BAYC’s ApeCoin continues to rise

The coin’s price rose sharply on Thursday to $27.79 USD before leveling out later in the day, according to Coinbase. BAYC creators Yuga Labs announced the creation of the coin last month.

2. SuperRare is opening an NYC pop-up gallery

The SuperRare Gallery pop-up will run from May 19 to August 28 and is dedicated to showcasing a rotating roster of curated NFT exhibitions. The marketplace says its gallery is aimed at making digital art “accessible, beautiful, inspiring, and to foster in-person connections and conversation.”

3. Solana NFTs are gaining popularity

The Solana-based Okay Bears generated more trading volume upon release than any individual Ethereum project. Overall, Solana trading volume has also increased.

4. Takashi Murakami is presenting digital and physical works at Gagosian NY

Gagosian is paying homage to Murakami’s continuing traditional art practice and his foray into the world of NFT art. The exhibition marks the artist’s first one since 2014.

5. Coinbase NFT marketplace hit $100,000 USD in sales

Coinbase’s long-awaited NFT marketplace launched on April 20 in beta. With a limited user base, the platform reportedly has 900 total transactions of 104.5 Ethereum (equating to $300,000 USD) in volume traded since its debut last week.

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