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Stimulus sealed, tech rebounds as Roblox, GameStop break out


Every week, Madison Business Review contributor Bryce Roth provides a recap of what happened in the business world and stock markets.
Markets picked up where they left off in February after a rough start to March as the Dow Jones Industrial Average jumped 1,200 points and the S&P 500 turned positive for the year. Meanwhile, the tech-heavy Nasdaq Composite shot back up after hitting an all-time high in mid-February and is still positive in 2021 as big tech companies bounce back.
Source: MarketWatch
President Joe Biden signed a $1.9 trillion stimulus bill Thursday aimed to give out another round of stimulus checks and vaccine aid. This bill will allow Americans to receive a $1,400 stimulus, which could arrive this weekend, while extending $300 per week unemployment insurance until Sept. 6 and expanding the child tax credit for a year.  ....

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Creator economy hires, promotions, signings: Reddit, Snap, 100 Thieves


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Insider compiles a weekly list of moves in the creator industry, from new hires to investments.
This week includes updates at Reddit, Snap, and The Chernin Group.
It was a busy week for audio and gaming startups. 
Podcorn, which runs a creator marketplace for podcasters, was acquired by Entercom in a deal that valued the upstart at $22.5 million. Short-form video app Triller acquired Timbaland s and Swizz Beat s livestream music platform, Verzuz. And Songclip, a music licensing company that works with social apps, raised $11 million in new funding. ....

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Roblox Goes Public, Valued at $45 Billion USD


The Roblox Corporation, the company behind popular online game platform and game creation system
Roblox, went public this week shocking the financial and gaming worlds. With over 100 million users and a loyal fan base that spans from young to old, The Roblox Corporation ended its first day of trading just shy of $70 USD pushing its valuation to $45 billion USD.
Although the immense value of the company has been noted in the past years, the staggering valuation greatly exceeds its 2018 valuation of $2.5 billion USD and $38 billion USD expectation. To offer a bit of context, Bethesda, the name behind hit games like ....

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