Roblox’s Blockbuster IPO | World’s Most Expensive NFT | DraftKings Wows Wall Street

Plus: Private Equity Firms Like KKR Used To Hunt Stodgy S&P 500 Companies, Now They Want To Join The Club

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Roblox’s billionaire cofounder saw his wealth balloon further following the company’s IPO, while Draftkings’ results impressed Wall Street, minting a new billionaire. We also looked at how one year of remote working has affected the workplace. 

In The News Today

One dose of the Pfizer-BioNTech Covid-19 vaccine offers less protection to cancer patients than to other people, early findings from the first real-world study examining the issue suggest.

In his first public comments on the claims of racism recently made by his brother Prince Harry and sister-in-law Meghan Markle, the Duke of Cambridge said the British monarchy are "very much not a racist family."

Top Take-Aways

It’s been one year since the World Health Organization declared Covid-19 a pandemic, forcing companies across the country to close their office doors. We’ve crunched the numbers that show how one year of remote working has changed the workplace.

On its first day on the NYSE, the Roblox gaming platform closed at $69.47, 54% above its reference price of $45. As its market cap soared, cofounder David Baszucki’s fortune ballooned by about $1.4 billion, giving him an estimated net worth of $4.2 billion.

DraftKings stock took off on Wednesday after a rosy forecast that wowed Wall Street and made a billionaire out of the daily fantasy and sports-betting company’s cofounder and CEO Jason Robins.

Google location data has proven useful to police on various occasions and it’s being used in the Capitol riot investigation. In one particular case, investigators asked Google for data of a user whose Gmail account was linked to an Instagram story that broadcasted the riot. 

Following the discovery of the cyber attacks against the Exchange servers, Microsoft released a patch for the four relevant flaws earlier this month. But as many as 125,000 privately-hosted servers have not been updated to secure them from such hacks.

A digital collage by artist Beeple is set to fetch a record amount at a Christie’s auction and become the most-expensive NFT ever sold. The “5,000 Days” artwork vaulted from a starting minimum bid of $100 on February 25 to $13.2 million already. Bidding ends today.

Entrepreneur Alexandra Wilkis Wilson and investor Lisa Myers first talked about creating an investment firm in 2019. On Wednesday, the pair unveiled Clerisy, a $100 million growth equity fund that will focus on taking stakes in tech and consumer-focused companies.

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In Case You Missed It

Nykaa, an online retailer of beauty products, is prepping for an IPO this year that’s expected to value it at around $3 billion. But even before that happens, Nykaa’s latest funding round, which is expected to close by the end of this month, is likely to propel its founder Falguni Nayar into the billionaire ranks, making her India’s second-richest self-made woman.

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