Trends in K–12 Esports Arenas

Jordan Middler / Video Games Chronicle:
Microsoft Gaming CEO Phil Spencer says Sony opposes the Activision Blizzard acquisition to “protect its dominance” and grows by “making Xbox smaller”  —  In the latest war of words over its proposed acquisition of Activision Blizzard, Microsoft’s Gaming CEO has claimed …

Kurt Wagner / Bloomberg:
Source: Zuckerberg told staff in a weekly Q&A that Meta will freeze hiring, restructure some teams, and reduce budgets across teams, citing economic conditions  —  Meta Platforms Inc., the owner of Facebook and Instagram, said it will freeze hiring and restructure some teams in an effort to cut costs and shift priorities.

Todd Shields / Bloomberg:
The FCC imposes a ban on equipment from Huawei and ZTE, camera providers Hikvision and Dahua, and radio maker Hytera, citing “a risk to national security”  —  US regulators imposed a ban on electronic equipment from Huawei Technologies Co. and ZTE Corp., continuing a years-long effort …

Cecilia D’Anastasio / Bloomberg:
The hype around esports is fading, as teams and organizations shrink due to a weak sponsorship and ad market, falling VC investment, and the crypto meltdown  —  The once-thriving esports industry has fallen on hard times as funding sources dwindle and signs abound that athletic competition via video games …

Mike Truppa / The Block:
Matter Labs, which develops the Ethereum scaling protocol zkSync, raised a $200M Series C led by Blockchain Capital and Dragonfly, bringing its funding to $458M  —  – Matter Labs has raised $200 million in a Series C round led by Blockchain Capital and Dragonfly.