PayPal can now provide digital payments in China

Roblox sees revenue doubling in first quarter

(Reuters) – Roblox Corp expects its revenue to double year-over-year in the first quarter of 2021, the company said on Tuesday, ahead of a highly-anticipated stock market debut later this month.

The company sees first-quarter revenue to be between $320 million and $335 million, up 98% to 107% from a year earlier.

‘Truth Be Told’ Creator, Showrunner Nichelle Tramble Spellman Signs With CAA

EXCLUSIVE: CAA has signed NAACP Image Award winner Nichelle Tramble Spellman for representation in all areas.

Previously, Tramble Spellman spent three seasons as producer on the CBS’ Emmy-winning The Good Wife, and on FX’s Justified and Snowfall. Her additional writing credits include Mercy, Harper’s Island and Women’s Murder Club.

Tramble Spellman and her husband, writer and producer Malcolm Spellman (The Falcon and the Winter Soldier), also launched their company The 51 with a first-look production deal at HBO. The 51 is developing numerous projects focused on amplifying underrepresented voices.

Tramble Spellman continues to be repped by Dianne Fraser at Industry Entertainment and attorney Alex Kohner.

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Roblox sees revenue doubling in first quarter

(Reuters) – Roblox Corp expects its revenue to double year-over-year in the first quarter of 2021, the company said on Tuesday, ahead of a highly-anticipated stock market debut later this month.

The company sees first-quarter revenue to be between $320 million and $335 million, up 98% to 107% from a year earlier.

Spurs’ Gregg Popovich: ‘Pretty mystifying’ for Texas Gov. Greg Abbott to lift mask mandates

San Antonio Spurs coach Gregg Popovich continuously shook his head in disbelief.

He has often called spoken out on social issues. So it was not surprising Popovich had a strong opinion on Texas Governor Greg Abbott announcing he would lift mask mandates. Popovich called the decision “pretty mystifying” considering the coronavirus pandemic remains a problem both with infections, deaths and vaccine distribution.

“It puts a lot of businesses in a tough spot,” Popovich said Tuesday before the Spurs played the New York Knicks. “They’re trying to do a good job of keeping everybody safe. Of course they want to open up. But getting rid of masks just seems ignorant to me. We have to have instant gratification and act like the pandemic is over? We already went through this once, and now we’re going to do it again?”

Abbott said that he would issue the new executive order to take effect on March 10 because of increased vaccine distribution and decreased infection and death rates. But CDC director Dr. Rochele Walensky warned states that “now is not the time” to loosen restrictions given the fragile nature on how it could reverse recent progress.

No. 3 Baylor clinches first conference title in 71 years with hard-fought, bounce-back OT win at No. 5 West Virginia

MORGANTOWN, W.Va. – Jared Butler scored 25 points before fouling out, Davion Mitchell hit the go-ahead basket in overtime and No. 3 Baylor beat No. 5 West Virginia 94-89 Tuesday to clinch the Bears’ first Big 12 regular season championship.

The Bears had not won a conference championship in any league in 71 years. 

Baylor (19-1, 11-1 Big 12) bounced back in a big way from its only loss of the season at Kansas on Saturday. Baylor struggled in its two previous games coming off a nearly three-week layoff because of COVID-19 issues in the program.

After managing just 58 points against the Jayhawks, the Bears maintained their energy and scoring touch until the very end against the Mountaineers (17-7, 10-5).

Baylor coach Scott Drew jumped on Mark Vital’s back and pointed a finger in the air after the title was secure. Butler ran onto the court to hug every teammate in sight.

PayPal can now provide digital payments in China

(CNN)Square (SQ) is making another big bet on bitcoin.

The financial services company, which is led by Twitter (TWTR) co-founder and CEO Jack Dorsey, announced Thursday that it bought 4,709 bitcoins at the price of $50 million. The investment represents almost 1% of the company’s total assets as of the second quarter of 2020.
“We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” Square’s Chief Financial Officer, Amrita Ahuja, said in a statement. “As it grows in adoption, we intend to learn and participate in a disciplined way.”

    Square shares were trading up about 2.3% midday Thursday.
    This is not Square’s first foray into crypto. In 2018, the company expanded its mobile payment service Cash App to support bitcoin trading, even for users without a bank account. And in 2019 it launched Square Crypto, which awards grants to bitcoin developers and designers.

      So far, Square’s bullishness on bitcoin has paid off. In August, the company reported that bitcoin trading revenue from Cash App rose 600% from the previous year to $875 million. The cryptocurrency also accounted for almost half of Square’s total sales of $1.92 billion.
      Bitcoin has had a good year: It’s up more than 50% in 2020, partly because the US dollar has taken a hit during the pandemic. After Square announced the investment, the price of one bitcoin rose more than 2% to about $10,900.