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Illustration: Annelise Capossela/Axios
Facebook parent company Meta invested $40 million earlier this year in Japanese mobile gaming company Playco, Axios has learned.
Why it matters: Facebook's user base shrunk (a tiny bit) for the first time ever last quarter, but Meta's apps remain some of the largest social networks on the internet. That's meaningful to a company like Playco, which wants to be on as many popular platforms as possible.
The big picture: Playco, founded in 2020 by Waldron, Game Closure co-founder Michael Carter, and game producers Takeshi Otsuka and Teddy Cross, bills itself as an "instant gaming" company.
Between the lines: In some ways, Playco is a bit of a "Zynga 2.0," given the shared belief in social games that can be easily accessed.
The bottom line: Meta might be feeling the heat from a growing number of critics, but some companies are still finding value in taking its money and partnering up.
Photo: Oliver Contreras/Sipa/Bloomberg via Getty Images
President Biden is imposing sanctions on two Kremlin-backed separatist regions in Ukraine after Russian President Vladimir Putin said Russia would recognize them as independent, the White House said on Monday.
The big picture: The U.S. and EU denounced Putin's move, calling it a violation of international law. The State Department was evacuating American personnel from Ukraine Monday, with many officials concerned that Putin's actions could be a pretext for a larger Russian invasion.
Illustration: Sarah Grillo/Axios
AT&T's planned shutdown of its 3G network Tuesday has sparked fears that home security systems, medical alert monitors and a range of other devices will stop working.
Why it matters: Carriers have previously retired networks, but this transition is proving more complicated because the pandemic hindered companies that rely on 3G services from making upgrades. Plus, there are just more devices to manage.
Photo by Jean Catuffe/Getty Images)
An average of 10.7 million people watched the 2022 Beijing Winter Olympic Games on NBC in primetime over the past few weeks, the network announced on Monday. Including NBC's streaming and digital platforms, that number ticked up to 11.4 million.
Why it matters: It's the smallest primetime audience for any Winter Olympic Games on record.
