Marius Grobler

Infinity Lounge

Day: March 26, 2025

Island lands $250M in funding at a $4.8B valuation

Enterprise browser startup Island just raised a sizable funding round — one that bumps up its valuation significantly, and less than one year after its last fundraise. Dallas-based Island raised $250 million in a Series E round led by Coatue that valued the company at $4.85 billion, the startup announced today. This brings the company’s […]

GameStop goes full crypto bro as board votes unanimously for Bitcoin investment

The video game retailer, famed for becoming a meme stock, revealed in an SEC filing that it will hold the digital currency as a treasury reserve asset.
GameStop, the video game retailer famed for becoming a meme stock and causing chaos in the stock market during the COVID-19 pandemic, is back in the spotlight for a new pursuit: investing in Bitcoin.

Supreme Court upholds Biden’s ghost gun rule requiring serial numbers and background checks

It comes after President Donald Trump ordered a review that could undermine or reverse the ghost gun regulations championed by his predecessor.
The Supreme Court on Wednesday upheld a Biden administration regulation on the nearly impossible-to-trace weapons called ghost guns, clearing the way for continued serial numbers, background checks and age verification requirements for buying the kits online.

Walmart’s Easter meal kit leaves out eggs amid bird flu outbreak

The Easter meal kit serves eight people for less than $6 per person—an average price that is lower than what it offered last year, Walmart said.
Walmart will be skipping eggs in its Easter meal offer this year, the U.S. retail giant said on Wednesday, in the midst of shortages and sky-high prices spiked by the bird flu outbreak among poultry.

How founders of Black-owned brands are navigating a post-DEI era

In today’s anti-DEI climate, some Black entrepreneurs worry about personal repercussions or feel pressure to cancel contracts with retreating retailers.
The co-founders of a company that makes lip products for darker skin tones no longer hope to get their line into Target. A brother and sister who make jigsaw puzzles celebrating Black subjects wonder if they need to offer “neutral” images like landscapes to keep growing.