Third Point slashes key megacap tech holdings, but buys this Magnificent 7 name
Third Point slashes key megacap tech holdings, but buys this Magnificent 7 name
Third Point slashed and dissolved its stakes in some key megacap technology holdings, while opening a fresh position in Tesla during the third quarter. Regulatory filings released Thursday revealed that the Dan Loeb-run hedge fund opened a stake worth roughly $105 million in the electric vehicle behemoth during the *******. Tesla shares rallied more than 32% during the *******, and they have surged more than 24% in November as investors bet that the company will benefit from CEO Elon Musk’s close relationship with President-elect Donald Trump . Shares jumped 29% last week amid Trump’s election victory, propelling the company above the $1 trillion market cap threshold . The stock has been on a volatile ride this year as Tesla grapples with growing China competition and dwindling demand at home that has led to price cuts. Shares are currently up 25% on a year-to-date basis. TSLA 1M mountain Tesla shares over the last month Third Point vacated a nearly $333-million position in Alphabet , and the firm slashed its stakes in Microsoft and Meta Platforms by 45% and about 51%, respectively. The firm trimmed its Amazon position by nearly 28% and cut its Apple shares by more than 52%. The hedge fund placed a $411 million bet on the iPhone maker during the previous quarter. Amazon, Microsoft and Meta Platforms remained among the firm’s top ten holdings despite the reductions. Microsoft has lagged its megacap peers this year, with shares up just 13.5%. MSFT YTD mountain Apple shares this year Beyond these key Magnificent Seven players, Loeb liquidated positions in both Verizon Communications and ridesharing giant Uber Technologies . Along with Tesla, Loeb revealed a new position in Brookfield Corp worth about $251 million and fresh stakes in Flutter Entertainment and CVS Health . Loeb hiked his Live Nation Entertainment position by 71% to about $256 million, making it the firm’s tenth largest holding. Loeb more than doubled his stake in Intercontinental Exchange .
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Bitfinex hacker gets five years in prison for bitcoin money laundering scheme
Bitfinex hacker gets five years in prison for bitcoin money laundering scheme
Booking photos for Heather Morgan and Ilya Lichtenstein.
Courtesy: Alexandria ****** Detention Center.
A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced Thursday to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto.
The value of that bitcoin at the time of the Bitfinex cyberattack was just $70 million when it was stolen by Ilya Lichtenstein.
That crypto now is worth $10.5 billion due to the rise in the price of bitcoin since 2016.
Lichtenstein, 35, and his wife, Heather Rhiannon Morgan, pleaded guilty to money laundering *********** in federal court in Washington, D.C., in August 2023, about 18 months after their arrest.
It was at that plea hearing that Lichtenstein first publicly admitted that he had been the hacker of Bitfinex.
Lichtenstein had faced a maximum possible sentence of 20 years in prison.
This is breaking news. Please refresh for updates.
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Grand Slam of Darts 2024 results: Luke Littler into quarter-finals with thrilling fightback against Mike de Decker
Grand Slam of Darts 2024 results: Luke Littler into quarter-finals with thrilling fightback against Mike de Decker
Luke Littler produced a stunning fightback to beat Mike de Decker 10-9 and reach the Grand Slam of Darts quarter-finals.
The 17-year-old was 9-7 down and on the brink of exiting the tournament, but won three consecutive legs to secure a meeting with Jermaine Wattimena.
Littler had taken a 2-0 lead but De Decker got on level terms, then seemed to have the momentum as the match wore on.
The Belgian built an 8-4 cushion but Littler rallied with an 11-dart leg.
De Decker had a chance to win with a checkout of 170, but missed the bullseye before Littler squared the match at 9-9.
In the deciding leg Littler held his nerve and nailed treble 18, double 16, to seal victory and a place in the last eight.
“I don’t know if I enjoyed that. I’ve got to feel for Mike. I didn’t think I was in the game, but I know I can always switch that gear,” Littler told Sky Sports.
“Early on I was at my normal pace but towards the end I was taking an extra second, and that helped me. I might have to throw like that from now on.
“I didn’t think I could overturn the deficit [in the final session]. I just can’t believe it.”
Also in Wolverhampton, Wattimena progressed by winning a 10-9 thriller of his own against Dimitri van den Bergh.
Gian van Veen cruised to a 10-2 win over Ryan Joyce while Gary Anderson clinched a 10-6 victory over Stephen Bunting.
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Albatroz Review – Thumb Culture
Albatroz Review – Thumb Culture
“The Rotterdam-based (the Netherlands) indie games publisher/developer Soedesco and São Paulo-based (Brazil) indie games developer Among Giants, are today super thrilled and happy to announce that their backpacking adventure RPG “Albatroz“, is now available for PC (via Steam) and consoles (PS5, PS4, Xbox Series X/S, Xbox One, and the Nintendo Switch) via digital stores.” – Jonas Ek, TGG.
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The AI rocketship may be running on fumes
The AI rocketship may be running on fumes
Moments after OpenAI, Google, or Anthropic drop a major upgrade to their AI models, you’ll see people already speculating on the next update’s date and features. And there have been fairly regular updates to feed those rumors. However, those days may be over, according to a Bloomberg report. All three major AI developers are reportedly struggling to make their next-gen models match their ambitions for improvement over the current crop.
The report claims that OpenAI’s work on the Orion model isn’t going as well as the company expected. The model doesn’t perform at the level the company is aiming for, especially when it comes to coding. Orion may not offer a seismic change from GPT-4 compared to how GPT-4 blew GPT-3.5 out of the water. That may be one reason OpenAI CEO Sam Altman publicly pushed back on rumors about the release date for the Orion model and an upgrade to ChatGPT.
Delays and lower expectations are also plaguing Google and Anthropic. Google’s Gemini development is slower than hoped, according to Bloomberg. Anthropic has already pushed back releasing its Claude 3.5 Opus model for similar reasons despite teasing it earlier this year.
All of the AI developers are running into the same ceilings in growing their model’s abilities. The biggest is likely training data. The companies have leveraged enormous datasets to train their AI models, but even the internet is not infinite, and that goes even more when discussing high-quality data useful for training AI. Finding previously unused, accessible information is becoming tricky. That’s partly because of growing awareness and consideration for ethical and legal rights to use some data, but that’s only part of the explanation. At some point, there aren’t enough human examples for the AI models to absorb and improve upon. Even if the companies find enough raw data, processing it and incorporating it into an AI model is expensive in terms of money and computing power. If the data cannot make more than slight improvements, then upgrading the AI model might not be worth the price.
Fuel or fumes?
The report describes how OpenAI and its rivals are looking to other ways of upgrading their models, like post-training Orion with human feedback. That’s a slow way to improve an AI model and raises questions about whether AI has reached the limits of rapid scaling in size and functions. Brute computing power and avalanches of data may not be enough to make the dreams of AI developers real anymore. They’ll need to get more creative in how they iterate on their models without throwing the entire internet at it.
For us, we should expect somewhat slower releases of new and improved AI features. That might not be terrible if it gives everyone a chance to catch their breath and really dig into the best ways to use all the AI tools released in the last few years. There’s plenty to explore with ChatGPT-o1. And, who knows, maybe this will give OpenAI the space to work on releasing the Sora AI video creator, which has been kept highly restricted despite OpenAI teasing it with a steady drip of demos.
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Bill Ackman’s Pershing Square doubles down on Nike
Bill Ackman’s Pershing Square doubles down on Nike
Bill Ackman’s Pershing Square doubled down on Nike and Brookfield in his concentrated portfolio last quarter. The high-profile investor boosted his investment in Nike drastically in the third quarter, making the bet worth $1.4 billion, according to a regulatory filing. The bet was only worth about $220 million at the end of June. Nike is in the midst of a broader restructuring after it shifted its strategy to sell directly to consumers. The sneaker giant has been gearing up for company veteran Elliott Hill to come out of retirement to take the helm. Just last month, Nike withdrew is full-year guidance and fell short on quarterly revenue as it works to fix its product assortment and rework its approach to innovation. Shares of Nike have plunged more than 30% this year. Pershing Square also boosted its bet on Brookfield last quarter to a stake worth $1.74 billion, making it the second biggest holding behind Alphabet. Earlier this year, Microsoft signed a deal with the company’s majority-owned Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers. Brookfield’s portfolio also includes data center operators. Other than these big movers, the hedge fund manager tweaked slightly holdings of Hilton Worldwide Hotels , Restaurant Brands and ********* Pacific Kansas City , and kept Alphabet , Chipotle and Howard Hughes unchanged.
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No joke: Satire site The Onion buys Alex Jones Infowars
No joke: Satire site The Onion buys Alex Jones Infowars
No joke: US *********** theorist Alex Jones’ Infowars has been purchased by satirical news publication The Onion.
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The EU publishes the first draft of regulatory guidance for general purpose AI models
The EU publishes the first draft of regulatory guidance for general purpose AI models
On Thursday, the ********* Union published its first draft of a Code of Practice for general purpose AI (GPAI) models. The document, which won’t be finalized until May, lays out guidelines for managing risks — and giving companies a blueprint to comply and avoid hefty penalties. The EU’s AI Act came into force on August 1, but it left room to nail down the specifics of GPAI regulations down the road. This draft (via TechCrunch) is the first attempt to clarify what’s expected of those more advanced models, giving stakeholders time to submit feedback and refine them before they kick in.
GPAIs are those trained with a total computing power of over 10²⁵ FLOPs. Companies expected to fall under the EU’s guidelines include OpenAI, Google, Meta, Anthropic and Mistral. But that list could grow.
The document addresses several core areas for GPAI makers: transparency, copyright compliance, risk assessment and technical / governance risk mitigation. This 36-page draft covers a lot of ground (and will likely balloon much more before it’s finalized), but several highlights stand out.
The code emphasizes transparency in AI development and requires AI companies to provide information about the web crawlers they used to train their models — a key concern for copyright holders and creators. The risk assessment section aims to prevent cyber offenses, widespread discrimination and loss of control over AI (the “it’s gone rogue” sentient moment in a million bad sci-fi movies).
AI makers are expected to adopt a Safety and Security Framework (SSF) to break down their risk management policies and mitigate them proportionately to their systemic risks. The rules also cover technical areas like protecting model data, providing failsafe access controls and continually reassessing their effectiveness. Finally, the governance section strives for accountability within the companies themselves, requiring ongoing risk assessment and bringing in outside experts where needed.
Like the EU’s other tech-related regulations, companies that run afoul of the AI Act can expect steep penalties. They can be fined up to €35 million (currently $36.8 million) or up to seven percent of their global annual profits, whichever is higher.
Stakeholders are invited to submit feedback through the dedicated Futurium platform by November 28 to help refine the next draft. The rules are expected to be finalized by May 1, 2025.
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David Tepper’s Appaloosa loaded up on Temu-parent PDD Holdings during the third quarter
David Tepper’s Appaloosa loaded up on Temu-parent PDD Holdings during the third quarter
Hedge fund billionaire David Tepper’s bet on China involved increasing his exposure to the leading e-commerce companies in the world’s second-largest economy, according to the latest securities filing. Tepper’s Appaloosa Management more than doubled its position in Temu-parent PDD Holdings in the third quarter, according to the hedge fund’s quarterly filing. Between Alibaba , PDD and JD.com , Appaloosa held roughly $2 billion of ******** e-commerce stocks at the end of September. Tepper told CNBC in September that he had bought ” everything ” related to China after stepped-up domestic stimulus measures there, plus the Federal Reserve’s half-point rate cut. The 13F filing to the Securities and Exchange Commission showed that Appaloosa added exposure to the region through PDD and other China-related plays like Wynn Resorts , though it did slightly reduce positions in Alibaba and the iShares FTSE China ETF (FXI) . Other notable purchases for Tepper included new positions in Vistra Corp. and NRG Energy , and windeing his holding in Lyft . Appaloosa also had several significant sales in the quarter. The hedge fund reduced its stake in several U.S.-based tech companies, including Amazon and Microsoft , and exited positions in UPS and Boeing . The quarterly hedge fund filing released Thursday showed only positions in U.S.-traded equities, including ********* depositary receipts, and some derivatives. The full extent of Appaloosa’s portfolio is unclear. It is also not known when Appaloosa made the transactions reflected in the portfolio, or if the fund has changed those positions since the end of September. Stocks linked to China have been particularly volatile in recent months, as investors consider the effectiveness of the new stimulus program there, as well as the potential impact of Donald Trump’s election win in the ******* States. PDD Holdings, for example, was trading below $90 per share in late August, shot up above $150 per share by early October, and had settled back to about $112 by Thursday. PDD 6M mountain ******** stocks like PDD Holdings have been volatile in recent months. Tepper, who founded Appaloosa in 1993, is also the owner of the NFL’s Carolina Panthers.
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North Korea leader Kim orders mass production of ******** drones, KCNA says
North Korea leader Kim orders mass production of ******** drones, KCNA says
SEOUL (Reuters) -North Korean leader Kim Jong Un guided a test of ******** drones and ordered a mass production of the aerial *******, saying the introduction of such drones around the world requires an urgent update of military theory, state media said on Friday.
Kim had previously supervised the test of ******** drones, earlier in the year amid a rapidly developing military cooperation with Russia, raising questions as to whether he was receiving technical help from Moscow to develop them.
Also known as loitering munitions, such weapons have been widely used in the war in Ukraine as well as in the Middle East.
“(Kim) underscored the need to build a serial production system as early as possible and go into full-scale mass production,” state news agency KCNA said.
Kim said the competition for using drones for military purposes is accelerating around the world, with military authorities likely recognizing their success in conflicts of various scale.
“Such objective change urgently calls for updating many parts of military theory, practice and education,” KCNA quoted Kim as saying.
North Korea has sent drones across the border to the South flying for hours in key areas including the capital, Seoul, and over the no-fly zone surrounding the South Korean presidential office.
That has prompted South Korea to deploy weapons to ****** down North Korean drones.
North Korea and Russia have recently ratified a comprehensive strategic partnership that their leaders signed in June, which includes a mutual defence pact.
North Korea has deployed its troops to Russia’s western frontlines in the war with Ukraine, and South Korean and U.S. officials have said North Korean soldiers have engaged in combat against Ukraine alongside Russian forces.
(Reporting by Jack KimEditing by Sandra Maler)
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South Of Midnight Looks Like A Deep South Take On A PS2-Era Action-Adventure
South Of Midnight Looks Like A Deep South Take On A PS2-Era Action-Adventure
South of Midnight caught my attention the second its first trailer debuted, captivating me with its stop-motion-inspired art style and a story and lore built on the culture and myths from the ********* South. Up to this point, developer Compulsion Games hasn’t said much about what the actual gameplay of South of Midnight is, so I was eager to check the game out when the studio offered a chance to see it in action. The demo was on the shorter side and, unfortunately, was hands-off, so I still don’t know how it feels to actually play South of Midnight. But from what I saw, the game most reminded me of my time with Kena: Bridge of Spirits–South of Midnight looks like an action-adventure game from the PS2 era: a far cry from Compulsion Games’ Contrast and We Happy Few.
In South of Midnight, you play as Hazel, a woman whose home of Prospero is hit by a hurricane. Learning she’s a Weaver, a magician-like person who can unravel the *********** affecting a place and suture the fraying ties of the community, Hazel sets off in search of her mother who was washed away during the storm. Hazel can use her magical weaving abilities to tear apart enemies, acrobatically flip through platforms, and solve puzzles. Each major arc of the story sees Hazel uncovering the legend surrounding a creature–sometimes an animal, other times a person–that has achieved larger-than-life, otherworldly status as their past traumas twist them into mythical monsters. Upon deducing how these creatures became what they are, Hazel is tasked with defeating them.
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Now Playing: South of Midnight Gameplay Trailer | Xbox Games Showcase 2024
The setup looks a whole lot like Bridge of Spirits, with Hazel’s efforts to explore the trauma and backstories of the creatures that threaten her home resulting in the area being cleansed, much as Kena fought off the Rot and the lingering spirits of the traumatized individuals left behind. And like Bridge of Spirits, South of Midnight takes nods from a culture not often explored in video games–just in this case, it’s the ********* South instead of Bridge of Spirit’s Bali (a small province in Indonesia).
Similarly, South of Midnight looks like a modern-day take on the same type of gameplay Bridge of Spirits built on: that of the action-adventure game from the mid-2000s. The demo I watched saw Hazel use combos to take down mobs of enemies, platform between landmarks, complete optional challenges to unlock collectibles, and take on a larger-than-life monster in a boss ******. Again, I have no idea how the game actually plays, but in practice it looks familiar; it looks like a type of game I’ve played and enjoyed before. What I’m most curious to see is how the gothic-fantasy themes and Deep South setting inform the world design because that–for me, anyway–is what’s going to set this game apart from its contemporaries.
Hazel is a Weaver, using magic that emulates the act of weaving thread.
“Where the South really influenced the gameplay was mostly across three things,” game director Jasmin Roy told GameSpot. “It was the world itself, how we were going to go through various regions that have different biomes, which means in level design, and different spaces to navigate–all these buildings that are abandoned, things like that. And we went like, ‘It would be cool to be able to jump on [buildings] and move around and do things. And that combined itself with magical realism–how you’re going to have powers to interact with the fantasy element of the settings. And when you combine those two things together, you start going, ‘Okay, I’d like to be able to jump, move, use the strands, manipulate objects, create objects with that fantasy of everything being this traditional arts and craft of weaving.’ And then the third thing I know that really influenced [the world] was the mythical creature, folkloric, the giant thing. So that informed how we built the world and how we created mechanics to go around them.”
Roy described South of Midnight as a more linear experience, with the player moving forward from one area to another. “The region informed all the rest [of the game],” Roy said. “And that’s how we ended up creating a feature set and the gameplay loop and how it works. That’s why we think it’s a unique journey and it’s all built as a journey. So you are asking, ‘Oh, is it the same gameplay loop?’ It does fluctuate because it is narrative-driven. So most of the time with the creature, it will play out with, ‘Oh, I need to learn their story to go on.’ But there are also other different beats of narrative events that will happen because dealing with creatures and regions is not the only thing you’ll do in the game to progress. There are other events to be discovered once you get the game right.”
Two-Toed Tom is a crocodile whose past has transformed him into a monstrously large creature.
“Some of the [gameplay] loops do repeat, so I just want to make that clear,” studio head Guillaume Provost said. “The experience [of meeting] the creatures pass through multiple beats and [culminate with] filling your bottle–those are loops that do repeat themselves that you do recognize throughout the game’s structure itself. But to Jasmin’s point, you don’t always ****** the creatures–there’s no fighting. There are different types of encounters that you’ll get throughout the game that kind of celebrate different beats that have to do with the story and/or contact your problem that the creatures are going through.”
“Some of [the creatures] are going to focus on traversal,” Roy said. “Some of them even focus on narrative beats. It really is a mixed bag. Some of them will evolve into direct confrontations, like we saw with the demo today. But there are other features that do focus on traversal. We have some of that, and we also have some that focus on that. I don’t want to reveal them too much because I really think they’re really cool. But yes, the idea was that even though the loop was going to be about experiencing their story and interacting with them and beating them, depending on which type of creature you’re going to encounter, fighting wasn’t always the right word. [Fighting them isn’t] always the right thing because [the creatures] do have wildly different stories of things that happen to them.”
Some of the mythical creatures Hazel encounters were once human.
“You as a player are there to resolve their trauma or help move past the situation that they’re in,” Provost continued. “So in certain cases, when it made sense from a narrative [standpoint], structural point of view, there is a combat sequence. For example, when Two Twod Tom eats your house, you get really ******. There’s a setup for it that creates the conflict. Hazel, the main character, is not roaming around trying to ***** mythical creatures. That’s the key takeaway. When there is conflict, there’s conflict that’s instituted for a narrative construct and reason that makes sense. But in other cases, there are problems with the creature that don’t involve conflict. It’s better resolved either through narrative [choice] or puzzle-solving or platforming or other types of challenges that actually have to do with specifically the issues of that creature.”
How the studio spoke about trauma was the one qualm I had about the game at the event, given how often “resolve” and “fix” were tossed around. The preview event didn’t include an example of how Hazel would do this and the developers were vague on the subject, but I’m always wary of folks talking about trauma as an easily fixable issue when it’s regularly an ongoing process. And taking into account that South of Midnight is taking inspiration from the Deep South, a place of long-lasting intergenerational trauma that rarely is just addressed and “fixed,” I’m looking at this specific part of the game with an air of caution. Admittedly, the rest of the event showcased that Compulsion has shown a tremendous amount of respect and care toward other aspects of the ********* South in terms of ambiance, landmarks, music, and language–South of Midnight sounds like a trip to the Deep South–so it’s just as possible that the studio has handled the themes of trauma with similar care and simply isn’t ready to showcase how those storylines play out yet.
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“They’re not statements on the here and now,” art director Whitney Clayton told GameSpot in regard to South of Midnight’s mythical creatures and stories of trauma. “They’re folktales; they’re more universal. In this world, they’re legends that [Hazel] ends up coming across after she starts her journey. And then the more she sees, the more it stops becoming surprising for her, and that’s the magic-realism angle. Whereas after she leaves the most grounded area, which is where she’s from, this little town, her home, and she starts going into what we call the focal arc of the Deep South, and she starts meeting these characters and communities, those people just accept these creatures around them. And those creatures, their story is really tied to the land, to the history of that land. And they would have more, I guess you’d say, high-level allegorical messages behind them, if that makes sense.”
Having now seen a smidge of what South of Midnight has to offer, I’m mostly excited–I loved Kena: Bridge of Spirits so another game akin to that is right up my alley–but I do have some worries about the story that I hope to see addressed. South of Midnight is set to launch for Xbox Series X|S and PC in 2025.
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Philippe Laffont’s Coatue bet big on China and GLP-1 drugmakers in Q3
Philippe Laffont’s Coatue bet big on China and GLP-1 drugmakers in Q3
Philippe Laffont’s Coatue Management took several new stakes in major ******** e-commerce companies and a couple of anti-obesity focused drugmakers in the third quarter, according to the latest 13F filing with the U.S. Securities and Exchange Commission. Laffont, one of the “Tiger Cub” fund managers who worked under the late Julian Robertson at Tiger Management, added more than 2.4 million shares, or 896%, to his stake in Alibaba in the three months that ended Sept. 30. He also increased his stake in JD.com by 8.2 million shares, or 33,490%, and PDD Holdings by roughly 2.28 million shares, or 741%. Laffont also created new positions in iShares China Large-Cap ETF and KraneShares CSI China Internet ETF . Alibaba is scheduled to post its quarterly financial results on Friday, which could provide closely watched details on the health of the ******** consumer. The ******** stock market has seen recent volatility partly due to concerns over President-elect Donald Trump’s stance toward China and his tariff threats . In September, shares in China rallied sharply after authorities there ramped up stimulus measures and President Xi Jinping called for strengthening fiscal and monetary economic support and stopping the real estate slump. Laffont also made a couple of significant increases to the fund’s holdings in Eli Lilly and Novo Nordisk . Eli Lilly shares are up nearly 35% year to date, while Novo Nordisk’s ADRs have gained about 2% after soaring 54% in 2023. Laffont added to existing positions in Alphabet , Amazon , Broadcom and Microsoft during the quarter, but made sizable reductions in holdings of Meta Platforms and Nvidia . He also lowered his stake in chipmakers Qualcomm , Advanced Micro Devices and Taiwan Semiconductor . Facebook parent Meta still ******** the fund’s largest holding, while Amazon, Microsoft and Nvidia remain in the fund’s top 10. The filing also showed increased bets on Eaton Corporation, a name closely tied to the artificial intelligence-related energy infrastructure *****, as well as Constellation Energy and NextEra Energy .
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A Look At The Most Wishlisted Upcoming Steam Games in November
A Look At The Most Wishlisted Upcoming Steam Games in November
My wife enjoys laughing at me because I spend time daily going through the most wishlisted upcoming Steam games on the digital storefront in search of anything new I might have missed. Something is launching daily, and new game announcements occur weekly, so it’s not outside the realm of possibility that my nearly 1,000-strong wishlist is missing something. I’m sure I’m not alone, which is why I’m sharing with you the ten most wishlisted upcoming games on the platform for November!
Top Wishlists on Steam for November
For the most part, the top ten wishlists on Steam don’t change too frequently. Many of these games, like Monster Hunter, Deadlock, and Hollow Knight, remain in the top ten month after month. They likely will until launch. But it’s nice seeing titles like Delta Force, Arena Breakout, and the upcoming STALKER 2 make an appearance!
Monster Hunter Wilds
Deadlock
Hollow Knight: Silksong
S.T.A.L.K.E.R. 2: Heart of Chornobyl
Delta Force
Marvel Rivals
Sid Meier’s Civilization VII
ARK 2
Light No *****
Arena Breakout: Infinite
Just narrowly missing the top ten list are Path of Exile 2, inZOI, and Unrecord. I imagine Path of Exile 2 will push into the top ten slot this month, following the developer’s upcoming livestream showcasing the launch-day build, classes, and end-game content!
Related: When Does the New ****** Ops 6 Zombies Map Come Out?
Upcoming Game Releases in November Worth Keeping An Eye On
Of course, just because something isn’t on the top wishlists on Steam doesn’t mean it’s not worth your time. November is chock full of hot releases, such as:
LEGO Horizon Adventures
Metro Awakening
S.T.A.L.K.E.R. 2: Heart of Chornobyl
Mario & Luigi Brothership
Funko Fusion
Microsoft Flight Simulator 2024
Star Wars Outlaws (Steam)
Genshin Impact (Xbox Series X|S)
Towers of Aghasba
Who could forget the recently released Farming Simulator 25? It launches with a few day-one issues that require a patch promptly from Giants, but it’s still a fun, relaxing experience!
What November release are you most looking forward to? Let us know in the comments below, or visit the community forum to discuss hot new releases with others!
Speaking of the most wishlisted upcoming Steam games on the platform, we recently reported on the *********’s Creed Animus Hub, which reveals season pass content for Shadows!
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Amazon questioned by House committee over ‘dangerous’ TikTok deal
Amazon questioned by House committee over ‘dangerous’ TikTok deal
A view of the Amazon logo outside Amazon’s offices in Dublin City Centre, Ireland, on Feb. 15, 2023.
Artur Widak | Nurphoto | Getty Images
Amazon representatives met with the House China committee in recent months to discuss lawmaker concerns over the company’s partnership with TikTok, CNBC confirmed.
A spokesperson for the House Select Committee on the ******** ********** Party confirmed the meeting, which centered on a shopping deal between Amazon and TikTok announced in August. The agreement allows users of TikTok, owned by China’s ByteDance, to link their account with Amazon and make purchases from the site without leaving TikTok.
“The Select Committee conveyed to Amazon that it is dangerous and unwise for Amazon to partner with TikTok given the grave national security threat the app poses,” the spokesperson said. The parties met in September, according to Bloomberg, which first reported the news.
Representatives from Amazon and TikTok did not immediately respond to CNBC’s request for comment.
TikTok’s future viability in the U.S. is uncertain. In April, President Joe Biden signed a law that requires ByteDance to sell TikTok by Jan. 19. If TikTok fails to cut ties with its parent company, app stores and internet hosting services would be prohibited from offering the app.
President-elect Donald Trump could rescue TikTok from a potential U.S. ban. He promised on the campaign trail that he would “save” TikTok, and said in a March interview with CNBC’s “Squawk Box” that “there’s a lot of good and there’s a lot of bad” with the app.
In his first administration, Trump had tried to implement a TikTok ban. He changed his stance around the time he met with billionaire Jeff Yass. The *********** megadonor’s trading firm, Susquehanna International Group, owns a 15% stake in ByteDance, while Yass has a 7% stake in the company, NBC and CNBC reported in March.
— CNBC’s Jonathan Vanian contributed to this report.
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Why Do People Cry? Here’s What We Know.
Why Do People Cry? Here’s What We Know.
Crying is a quintessential human experience. Claire Danes does it. Kim Kardashian does it. Even Michael Jordan does it. And no matter how long it has been since you last shed a tear, there is no doubt that you’ve done it, too.
Other species produce tears, but ours is the only one that scientists believe consistently cries not just to lubricate and protect the eyeballs, but also to express emotion — like after a breakup, at graduation ceremonies and while watching “The Notebook.”
While they are one of the few things that make us uniquely human, in many ways, emotional tears remain an enigma. Research has revealed that our emotions are even more complicated than neuroscientists once thought; there is no one area of the brain that’s responsible for feelings of sadness or anger, for instance. And scientists have yet to scan people’s brains to see what happens while they are crying.
Still, some progress has been made to help us understand human tears — to grasp what they’re made of, why we create them (some of us more than others) and why producing them can help us feel better.
The three types of tears
Practically any creature that has eyeballs produces two sets of tears: basal and reflex. Basal tears keep the eye moist, while reflex tears are meant to protect the eye from irritants like dust.
Humans also shed a third type, fittingly called emotional tears, when they are sad, frustrated, overwhelmed, happy or moved.
All three types of tears are structurally similar in that they are primarily made of water, oils, mucus, antibacterial proteins and electrolytes, said Darlene Dartt, a professor of ophthalmology at Harvard Medical School.
You probably rarely, if ever, notice basal tears, which are released in tiny amounts throughout the day. As they evaporate, the temperature on the surface of the eyeballs drops slightly, which signals that the eyes should produce more basal tears to avoid drying out.
Reflex and emotional tears release more liquid, which is why your eyes well up while you’re chopping onions or why tears stream down your face at a ********. That extra liquid mainly comes from special tear glands located underneath the eyebrows that are regulated by cells in the brainstem. With reflex tears, nerves in the eyes signal to the brainstem that tears are needed to flush out whatever is irritating them. For emotional tears, scientists think that other parts of the brain activate those brainstem cells to turn on the tear glands.
Why we evolved to cry
Lots of animals wail in distress. Experts think that they — and we — evolved to do so in infancy as a means of survival. That’s because the animals that cry vocally, namely mammals and birds, tend to rely on a mother or father. A robin chick’s peeps and a goat ****’s bleats are the baby’s main way to solicit care from a parent when it’s hungry, scared or in pain.
But animals don’t shed emotional tears when they cry. And for the first several weeks of their lives, neither do humans. Instead, similar to other animals, newborn ******* produce a heartbreaking (and ear-piercing) bawl. Then, sometime in the first month or two, salty fluid starts to fall from their eyes as well.
It’s a bit of a mystery why we started to produce tears while upset, rather than continuing to cry with dry eyes like sloths or bats do.
It’s possible that the act of scrunching up your face to unleash a yowl puts pressure on the eyeballs, stimulating the tear glands, said Ad Vingerhoets, an emeritus professor of clinical psychology at Tilburg University in the Netherlands and one of the foremost experts in human crying. That may be why yawning, laughing and vomiting can lead to tears as well, he added.
Tears may also hold an evolutionary advantage over howls, and as we age, we become more able to cry quietly. While anyone on an airplane can hear an infant wail, only those sitting in the seats near you will see tears roll down your cheeks while you watch the opening sequence of “Up.”
In that way, tears can more subtly alert others nearby to someone’s distress without giving the person away to predators that may be lurking, said Lauren Bylsma, an associate professor of psychiatry and psychology at the University of Pittsburgh.
The reasons we cry change as we age
For the first years of our lives, we mostly shed tears related to our own experiences — a busted knee, a bee sting or a dropped ice cream cone.
That starts to change as we grow older and become more emotionally and socially developed. We cry less in response to physical pain and more over our emotional connections to other people. “Your world becomes greater, so there are more people who become more important for you,” Dr. Vingerhoets said.
One of the most common reasons for crying is the absence or loss of a loved one, whether we’re homesick as children, heartbroken in adolescence or grieving a ****** at any age. We cry over the plights of others, too. These empathetic tears may occur because we are imagining ourselves in other people’s shoes, whether they are friends, strangers or even fictional characters. In fact, this is how scientists study crying: They show people a sad clip from a film and see if it turns on the waterworks.
While sadness is the emotion most typically associated with crying, what many tearful experiences have in common is a sense of helplessness or powerlessness. That feeling of powerlessness often accompanies tears of frustration, and it may even explain the tears some people shed when they feel emotionally overwhelmed, whether from joy, anxiety or awe. In fact, Dr. Vingerhoets called helplessness “the core element of crying,” since it harks back to the original evolutionary purpose of tears: needing assistance or support.
Why some people cry more than others
Cliché as it is, the biggest predictor of how often someone cries is gender. Research from around the world has found that women consistently cry more frequently than men.
Much of that difference is likely to be the result of societal pressures and gender norms, experts say. Consider the fact that little boys and ****** cry about the same amount, said Jonathan Rottenberg, a professor of psychology at Cornell University. Only over time does a tearful gender gap start to emerge. Part of the reason may be that society largely teaches boys the importance of being tough.
“Boys might inhibit their crying for ***** of violating a gender stereotype,” Dr. Rottenberg said.
Hormones may play a role as well. The gender gap in crying tends to emerge during adolescence, when **** hormones kick in, and one hypothesis is that testosterone may suppress tears or that swings in estrogen levels make the crying response more likely. But there is little research on the topic, and one of the few studies that examined the connection between hormones and tears found that, despite commonly held beliefs about premenstrual syndrome, women were not more likely to cry during any particular phase of their cycles.
Certain personality traits appear to influence how much people cry. Highly empathetic people tend to report crying more, as do people who are more neurotic, Dr. Vingerhoets said. Then there are things we do to our bodies that increase the odds — namely, drink alcohol and neglect sleep. Doing either can cause people to cry more easily, most likely because they lower inhibition, making it ******* to hold back tears.
The benefits of a good cry
Perhaps the longest-running debate among researchers is why crying often makes people feel better.
One of the largest studies to investigate the concept asked thousands of people from around the world about the last time they shed tears. A little over half reported feeling better afterward, almost 40 percent experienced no difference and 10 percent said they actually felt worse.
Crying, especially when alone, may serve as a sort of self-therapy. “It forces you to think about whatever you’re crying about,” Dr. Bylsma said. “To deal with it cognitively, emotionally, and kind of process whatever that thing is that’s upsetting you.”
People tend to report feeling better if the crying episode was prompted by an issue that could be solved, like a disagreement with a partner, rather than by a situation outside of their control, like the loss of a loved one, Dr. Vingerhoets said.
In social situations, the biggest factor influencing how you feel after crying is how the people around you react. People who receive a supportive response, like a hug or validation of their feelings, tend to feel better, while those whose tears are met with anger or ridicule are more likely to feel worse.
This makes sense, as experts think the primary purpose of the tear, no matter your age, is to communicate distress to others. “It is there to signal to others when help is needed and when someone is feeling separated and not attached to care,” Dr. Rottenberg said.
The lesson: When someone cries around you, show you’re there for that person. The science says it really does help.
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Mondo Reveals World Of Warcraft 4 LP Set
Mondo Reveals World Of Warcraft 4 LP Set
This looks like a must own for fans and collectors. Mondo Music, in partnership with Blizzard Entertainment, are proud to present the World of Warcraft set.
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Student ******** prompts ‘cancel culture’ warning
Student ******** prompts ‘cancel culture’ warning
The ******** of a young man “cancelled” by his peers at university has prompted a coroner to write to the government warning about “self-policing” among some students.
Alexander Rogers, 20, was in his third year studying at the University of Oxford’s Corpus Christi College when he took his own life in January.
Oxfordshire coroner Nicholas Graham said Mr Rogers had been “ostracised” in the preceding days after a woman expressed discomfort about a ******* encounter between the pair.
In a Prevention of Future Deaths Report, the coroner urged the Department for Education to take action to stop similar deaths occurring related to the harmful effects of being socially ostracised.
He said Mr Rogers had reported being subjected to “name calling, targeted behaviour and exclusion and rejection following allegations made against him about his conduct”.
Corpus Christi College commissioned an independent serious incident review following the ******.
“That review identified evidence of a concerning practice of social ostracism among students, often referred to as a cancel culture,” the coroner said.
“[The review’s] evidence was that this behaviour, where individuals are isolated and excluded from social groups based on allegations or perceptions of wrongdoing, poses a significant risk to student mental health and well-being.”
He said students “appear to employ social ostracism as a means of ‘self-policing’ their community, often in response to allegations of serious misconduct”.
“This occurs in the absence of formal processes and without proper investigation or evidence,” Mr Graham said.
Mr Graham added: “I did not find on the balance of probabilities that this culture specifically caused or contributed to Alexander’s ******, but it did give rise to a concern that circumstances creating a risk of future deaths could occur.”
Mr Rogers’ family have been raising money for ******** prevention charity PAPYRUS.
In a tribute on a fundraising page, they said: “The loss of Zander has been seismic.
“He was and is the epitome of what is good in this world; kind, warm, funny, and an incredible friend to so many.”
The Department for Education has been contacted for comment.
Need help? If you have been affected by this story the BBC Action Line web page features a list of organisations which are ready to provide support and advice.
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Here’s a fresh look at the Half-Life 2 RTX remaster
Here’s a fresh look at the Half-Life 2 RTX remaster
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We initially about a team modding an RTX remaster of Half-Life 2 last August. Today, NVIDIA released a trailer giving fans a behind-the-scenes look at Orbifold Studios’ efforts to apply more modern graphics tools to the iconic title. The video highlights the RTX Remix engine and how the team is using it to make visual upgrades to a game with an engine two decades old. They have examples of how they’re creating more dynamic light sources, volumetric fog in moody areas, and full 3D detail on the objects in the environment.
The crew at Orbifold still doesn’t have a release date for their work, but as the 20th anniversary for Half-Life 2 approaches on November 16, it’s possible that there may be something official in the works from Valve. No, not Half-Life 3. But YouTuber and veteran Valve reporter Tyler McVicker noticed that there is a new, password-protected branch of the game in Steam. Just based on the number of new test builds that have been pushed out on that branch, the new update seems more involved than the one the company to mark the 25th anniversary of Half-Life 1 last year. So if you’re itching to pick up the gravity **** again, this weekend might be the time to do it.
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Philippe Laffont’s Coatue bet big on China and GLP-1 drugmakers in Q3
Philippe Laffont’s Coatue bet big on China and GLP-1 drugmakers in Q3
Philippe Laffont’s Coatue Management took several new stakes in major ******** e-commerce companies and a couple of anti-obesity focused drugmakers in the third quarter, according to the latest 13F filing with the U.S. Securities and Exchange Commission. Laffont, one of the “Tiger Cub” fund managers who worked under the late Julian Robertson at Tiger Management, added more than 2.4 million shares, or 896%, to his stake in Alibaba in the three months that ended Sept. 30. He also increased his stake in JD.com by 8.2 million shares, or 33,490%, and PDD Holdings by roughly 2.28 million shares, or 741%. Laffont also created new positions in iShares China Large-Cap ETF and KraneShares CSI China Internet ETF . Alibaba is scheduled to post its quarterly financial results on Friday, which could provide closely watched details on the health of the ******** consumer. The ******** stock market has seen recent volatility partly due to concerns over President-elect Donald Trump’s stance toward China and his tariff threats . In September, shares in China rallied sharply after authorities there ramped up stimulus measures and President Xi Jinping called for strengthening fiscal and monetary economic support and stopping the real estate slump. Laffont also made a couple of significant increases to the fund’s holdings in Eli Lilly and Novo Nordisk . Eli Lilly shares are up nearly 35% year to date, while Novo Nordisk’s ADRs have gained about 2% after soaring 54% in 2023. Laffont added to existing positions in Alphabet , Amazon , Broadcom and Microsoft during the quarter, but made sizable reductions in holdings of Meta Platforms and Nvidia . He also lowered his stake in chipmakers Qualcomm , Advanced Micro Devices and Taiwan Semiconductor . Facebook parent Meta still ******** the fund’s largest holding, while Amazon, Microsoft and Nvidia remain in the fund’s top 10. The filing also showed increased bets on Eaton Corporation, a name closely tied to the artificial intelligence-related energy infrastructure *****, as well as Constellation Energy and NextEra Energy .
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Car hits ‘pretty loaded’ school bus carrying Lakota Local School District students
Car hits ‘pretty loaded’ school bus carrying Lakota Local School District students
Students on a Lakota Local School District bus were involved in a ****** in West Chester Township Thursday afternoon.
At approximately 2:30 p.m., the “pretty loaded” bus was rear-ended by a car at the intersection of Tylersville Road and Ohio 747, according to township spokesperson Barb Wilson, who added that the intersection is “very busy.”
No one on the bus was injured. Two people were in the other vehicle and both refused treatment.
The students were from Lakota Plains Junior School, which serves seventh and eighth graders in Liberty Township, Wilson said.
Officials briefly closed Ohio 747 at Tylersville, but the intersection is now open.
The district notified families of the ****** and shortly after, the students were transported onto another bus and headed home.
This article originally appeared on Cincinnati Enquirer: Lakota Plains Junior School students involved in school bus ******
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QB Betrayal Index: Lamar Jackson acing his toughest test; Justin Herbert finally gets a break
QB Betrayal Index: Lamar Jackson acing his toughest test; Justin Herbert finally gets a break
The Quarterback Betrayal Index is back, with a surprise new standard bearer: Lamar Jackson. The Baltimore Ravens’ quarterback for years benefited from elite defense/special teams support, but not in 2024. His ability to overcome poor play in those areas during a 7-3 start enhances his MVP credentials.
Introduced before the 2022 NFL season, the Betrayal Index measures the degree to which quarterbacks overcome poor play by their own teams’ defenses/special teams, the part of the team they cannot control. It’s the context needed to discuss quarterback win rates.
An extreme example: Drew Brees won only 45 percent of his starts (21-26 record) from 2014 to 2016 despite New Orleans ranking No. 1 in a range of offensive categories. The Saints’ historically bad defense/special teams betrayed Brees, resulting in the losing record.
The QB Betrayal Index through Week 10 of 2024 is especially interesting because two prominent quarterbacks, Jackson and Justin Herbert, have traded places.
Both led productive offenses in the past, but Jackson had the superior win rate (75 percent to 48 percent) largely because, before this season, his Ravens ranked second in combined EPA on defense/special teams during his career (since 2018), while Herbert’s Los Angeles Chargers ranked 31st during his (since 2020), per TruMedia.
The big revelation this season has come in Jackson’s ability to keep winning (7-3 record, including 2-0 against the similarly betrayed Joe Burrow) despite his Ravens ranking 31st in combined EPA on defense/special teams in 2024. Herbert’s Chargers are 6-3 because they rank first on defense/special teams EPA on a per-game basis this season, with an offense that ranks middle-of-the-pack statistically.
The table below stacks all 34 quarterbacks with at least five starts this season by the difference between where these players rank in QB EPA, and where their teams rank in defense/special teams EPA during each QB’s starts.
Jackson, Burrow, Baker Mayfield, Kirk Cousins, Jayden Daniels, Brock Purdy and Kyler Murray are the best examples of betrayed quarterbacks this season. All rank highly in QB EPA for teams with low-ranked defense/special teams. Quarterbacks in the middle rank about the same in QB EPA as their defenses/special teams rank. Quarterbacks at the bottom produce less for teams with stronger defenses/special teams.
2024 QB Betrayal Index through Week 10
The 34 quarterbacks have a combined 37-94 (.282) record this season in starts when their teams finished with negative combined EPA on defense/special teams. That includes 0-55 for a group of 16 quarterbacks headlined by Mayfield (0-6), Aaron Rodgers (0-5) and Burrow (0-4). It’s difficult to win these games, but some quarterbacks — Jackson in particular — have been able to prevail anyway.
We’ll close by examining the seven most betrayed quarterbacks this season, plus a closer look at Herbert and the Chargers’ drastic shift.
Most betrayed
1. Lamar Jackson, Baltimore Ravens
QB-EPA 1st | DST 32nd | Betrayal Index: -31
W-L: 7-3 (.700)
W-L with negative team DST EPA: 5-3 (.625, 5th)
Jackson has shown an unusual ability to win what I call “extreme betrayal” games. He is 3-1 this season when the Ravens finished with -10 or worse EPA on defense/special teams. The other 33 quarterbacks listed here have a combined 5-45 (.100) record in those games.
That’s the equivalent of winning three-fourths of the time after spotting the opponent 10 points. It’s not necessarily a fluke, either.
Jackson has a 7-6 career record in extreme betrayal games, making him the only quarterback since 2000 to start at least three of these games and have a winning record in them. Rich Gannon is next at 5-5.
Tom Brady (18-25), Peyton Manning (22-32) and Brees (27-54) have the best records since 2000 in these games among quarterbacks with at least 30 such starts. The league at large has won 15 percent of these games.
The chart below shows Jackson’s cumulative EPA since he became the Ravens’ starter compared to Baltimore’s cumulative EPA on defense/special teams during that span, with the two heading in opposite directions since this season began.
2. Joe Burrow, Cincinnati Bengals
QB-EPA 5th | DST 31st | Betrayal Index: -26
W-L: 4-6 (.400)
W-L with negative team DST EPA: 0-4 (.000, T-18th)
Burrow is 0-4 in extreme betrayal games this season but has 24 touchdown passes with four interceptions and a 108.1 rating in them. Cincinnati fell to Baltimore by scores of 41-38 and 35-34. There was also a 38-33 defeat to Washington and a 37-17 defeat to Philadelphia. Burrow was 4-7 in extreme betrayal games before this season. He’s playing more of them now.
3. Baker Mayfield, Tampa Bay Buccaneers
QB-EPA 6th | DST 29th | Betrayal Index: -23
W-L: 4-6 (.400)
W-L with negative team DST EPA: 0-6 (.000, T-18th)
The Buccaneers are 4-0 when they finish with positive EPA on defense/special teams, but 0-6 otherwise. That is typically the hallmark of a team featuring a win-with quarterback, as opposed to a win-because-of QB. But with four of those defeats falling into the extreme betrayal bucket, Mayfield deserves more credit. He has generally kept Tampa close in four extreme betrayal games, but the Buccaneers lost 36-30 and 31-26 to the Falcons, 30-24 to Kansas City and 41-31 to Baltimore in those difficult-to-win matchups.
4. Kirk Cousins, Atlanta Falcons
QB-EPA 8th | DST 30th | Betrayal Index: -22
W-L: 6-4 (.600)
W-L with negative team DST EPA: 3-3 (.500, T-7th)
Two victories over Tampa Bay and another over Philadelphia in games in which the Falcons’ defense/special teams faltered helped offset a tough opening-week defeat against Pittsburgh, when Cousins and the offense struggled in his first game back from a torn Achilles.
5. Jayden Daniels, Washington Commanders
QB-EPA 3rd | DST 24th | Betrayal Index: -21
W-L: 7-3 (.700)
W-L with negative team DST EPA: 3-2 (.600, T-7th)
Daniels’ signature Betrayal Index game came at Burrow’s expense: 38-33 at Cincinnati in Week 3, capped by Daniels’ 27-yard touchdown pass to Terry McLaurin on third-and-7 with 2:15 remaining in a game Washington led 31-26. That was the knockout punch by the Commanders, who also beat the Giants twice in games when Washington finished with negative combined EPA on defense/special teams.
6. Brock Purdy, San Francisco 49ers
QB-EPA 4th | DST 20th | Betrayal Index: -16
W-L: 5-4 (.555)
W-L with negative team DST EPA: 2-3 (.400, 10th)
Purdy’s continued production has been one of the few constants for the 49ers as they’ve worked through injuries on offense and inconsistent play on defense/special teams. He passed for 645 yards with five touchdowns and no interceptions in the 49ers’ two extreme betrayal games this season. That was enough to beat Tampa Bay on Sunday. It was not quite enough to beat the Los Angeles Rams in Week 3, despite San Francisco leading by 10 points in the fourth quarter.
Purdy has an 8-6 record in betrayal games during his career, including 2-2 in extreme betrayal games (-10 or worse EPA on defense/special teams). Jimmy Garoppolo was 11-11 in betrayal games as a 49er. Past starters Colin Kaepernick (3-22) and Alex Smith (6-22-1) did not fare as well in those games for San Francisco.
T-7. Kyler Murray, Arizona Cardinals
QB-EPA 9 | DST 23 | Betrayal Index: -14
W-L: 6-4 (.600)
W-L with negative team DST EPA: 3-3 (.500, T-7th)
The Cardinals have won and lost with Murray this season. They are 5-1 in games when he finishes with positive EPA, but 1-3 otherwise. Murray did win an extreme betrayal game, 28-27 over Miami. He is now 4-12 in his career in extreme betrayal games. Other Cardinals quarterbacks are 2-58 (.033) in those games since 2000, with Jake Plummer accounting for both victories (he was 2-14 in those games, while Hall of Famer Kurt Warner was 0-11 in them for Arizona).
Things are looking up in L.A.
T-25. Justin Herbert, Los Angeles Chargers
QB-EPA 14 | DST 1 | Betrayal Index: +13
W-L: 6-3 (.667)
W-L with negative team DST EPA: 1-2 (.333, T-11th)
In a change for the Chargers, their defense/special teams have done much more than their quarterback to win games this season. The team’s three losses came in games when the defense/special teams were either very good (+7.1 EPA in a 17-10 defeat to Kansas City) or barely below average (-1.0 EPA in 20-10 defeat to Pittsburgh as well as in a 17-15 defeat to Arizona).
The chart below compares Herbert’s cumulative EPA to the cumulative EPA of the Chargers’ defense/special teams. The uptick on defense/special teams began late last season with games against bad offenses: New England in Week 13 and Denver in Week 14, right before Herbert landed on injured reserve.
Herbert’s 5-10 record (.333) in extreme betrayal games is better than the 10-37 (.213) mark for Philip Rivers and the 3-12 (.200) mark for Drew Brees among Chargers quarterbacks since 2000.
(Photo of Lamar Jackson: Scott Taetsch / Getty Images)
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Latest Motorsport Games Earnings Report Reveals Grim Outlook
Latest Motorsport Games Earnings Report Reveals Grim Outlook
Motorsport Games’ latest earnings report has revealed a grim outlook for the future of the company. Despite reducing costs and increasing general revenue for the third quarter of 2024, the company is still facing a significant uphill climb to continue.
According to its latest earning’s report, Motorsport Games saw a slight increase in revenue of $1.8 million. That’s a $0.1M increase in year-over-year revenue. The company did have a net loss of $0.6 million for Q3 2024, which is an improvement compared to the $3.5M net loss from Q3 2024. That said, despite some improvements, there is a concern from the company regarding its ability to continue forward.
As of October 31, 2024, Motorsport Games has just $0.5M in cash with “no assurances” that they can find the liquidity and investments needed to continue.
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“We have incurred significant losses since our inception, and we expect to continue to incur losses for the foreseeable future,” the company said in its report. “Accordingly, our financial condition raises substantial doubt regarding our ability to continue as a going concern.”
The company’s current deficit sits at $86.3M as of September 30, 2024, and they still owe $0.6M for the 2021 purchase of Studio 397. They are set to lose the ability to sell their NASCAR video games on December 31, 2024 as part of the deal that sold the NASCAR license to iRacing. It was also said that the company expects to receive a letter of deficiency from the NASDAQ regarding its compliance for a continued listing.
Even with the concerns, CEO Stephen Hood said that the company will continue the work towards turning things around.
“We are pleased to see an improvement in several key financial performance indicators, highlighting that the business is now in a stable position for the next phase of growth,” Hood said.
This is the latest development for a company that has seen its share of turmoil and issues over the last couple of years. Most recently, they ***** off more staff while announcing its plans to consider “strategic alternatives” for the company.
“[The] Motorsport Games board of directors and I are in the process of reviewing the options available to us with a view to improve our long-term funding needs in order to produce the great game experiences we have proved that we can offer under our new business structure,” Hood said. “The number of expressions of interest received serves to reinforce our belief in the opportunities ahead.”
Should the company not be able to gain additional investment, they have listed a number of potential alternatives ranging from selling assets and reducing staff further to “discontinuing operations” entirely.
Motorsport Games is currently operating on a reported $100,000 monthly ***** rate after multiple cost-cutting measures. For the year, they are sitting at a negative cash flow of $0.7M.
For now, the company continues to work on updates to its simulation racing title Le Mans Ultimate. The latest update in September saw the introduction of a new co-op mod, stave states, and more. There is also a new update coming in December that will add GT3 cars to the game.
What do you think the future holds for Motorsport Games? Let us know below, or join the discussion in the official Insider Gaming forums.
For more Insider Gaming, read about the latest mass layoffs taking place at Thunderful. And don’t forget to sign up for our weekly newsletter.
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Michael Burry reshuffles portfolio, adds hedges on China holdings
Michael Burry reshuffles portfolio, adds hedges on China holdings
Michael Burry, best known for calling the subprime mortgage crisis, made a slew of changes in his portfolio last quarter, including what appears to be a hedge on his sizable bet on ******** internet stocks. Burry, who now manages hedge fund Scion Asset Management, boosted his stakes in a few ******** internet companies’ ADRs, according to a regulatory filing. The trader added to his Alibaba bet by 29% to a stake worth more than $21 million, making it his largest position at the end of September. The widely followed investor also doubled his stake in JD.com , pushing it to become Scion’s second-biggest holding, worth $20 million. Burry also increased his stake in ******** search engine Baidu by 67% to a bet worth $13.2 million at the end of the third quarter. While loading up on these ADRs, Burry took a significant amount of put options against these names, likely as some sort of hedge. Investors profit from puts when the underlying securities fall in prices. But when paired with long holdings, they can be used to offset any short-term losses expected in the shares. As of the end of September, Burry owned millions of dollars worth of put contracts against Alibaba, JD.com and Baidu, with unknown value, strike price or expiry, according to the filing. ******** equities got a boost in September after the government signaled a flood of stimulus measures in a bid to revive growth and avoid continued stagnation in the world’s second-largest economy. However, many stocks gave up some of those gains as officials have yet to announce much concrete fiscal support. Burry shot to fame by ******** against mortgage-backed securities before the 2008 global financial crisis . Burry was depicted in Michael Lewis’ book ” The Big Short ” and the subsequent Oscar-winning movie of the same name. Outside of these ******** companies, Burry added to his bets on payment processing company Shift4 Payments , ********* Coastal Insurance Corporation and managed care firm Molina Healthcare . Money managers with more than $100 million in assets are required to disclose long positions with the U.S. Securities and Exchange Commission 45 days after a quarter ends. Active traders such as Burry could have already changed their positions by the time filings come out.
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Brad Guzan on thriving at 40, halting Lionel Messi and why USMNT recall talk makes him ‘laugh’
Brad Guzan on thriving at 40, halting Lionel Messi and why USMNT recall talk makes him ‘laugh’
After Atlanta *******’s stunning win over Inter Miami on November 9, an Atlanta staffer approached the team’s charter bus outside Chase Stadium with a box full of Michelob Ultra ***** cans. They were for the players, he said, a deserved reward after eliminating Lionel Messi and his teammates from the playoffs.
Among the last players to board the bus was captain Brad Guzan, who exited the stadium with a noticeable strut in his step. The 40-year-old former Aston Villa goalkeeper, who thwarted Messi on numerous occasions throughout the three-game series, was followed by a documentary videographer.
Atlanta’s 2024 has not gone according to script but Guzan’s heroics in goal have drastically changed their story arc.
“Forty is the new 21,” Guzan said at the time with a laugh, referencing his ability to turn back the clock during Atlanta *******’s surprising playoff run. By knocking out Inter Miami, Atlanta recorded one of the biggest upsets in MLS history — Guzan was a major factor.
His shot-stopping has been excellent for the better part of the season. His clutch saves have been game-changing in the playoffs. The focus is squarely on Guzan, but he isn’t necessarily enjoying it.
“When you’re in this business as long as I’ve been, it’s not about whether you like something or you don’t like something,” Guzan tells The Athletic. “I’ve been on the other end of it when things haven’t gone great. I’ve made mistakes and cost the team.”
Yet, without Guzan’s performances, Atlanta would have already begun their offseason overhaul. This will include players leaving and new signings coming in, the hiring of a new sporting director, and potentially, a new head coach to replace interim manager Rob Valentino. But all of those decisions have been put on hold as Atlanta prepares to face Orlando City in the Eastern Conference semifinal on November 24.
Guzan made a string of crucial saves as Atlanta knocked out Inter Miami in Round One of the MLS playoffs (Megan Briggs/Getty Images)
Guzan’s future is also pending. He’s in the final year of his contract, with a 12-month option remaining for 2025. Guzan has avoided the subject of his future all season but reality is setting in for the veteran goalkeeper.
“It’s not about feeling younger,” Guzan said. “It’s about using my experience. It’s about using moments that I’ve been in before in terms of games and situations I’ve faced, and within a millisecond trying to analyze the situation that I’m currently in, and how to use my experience to help me make a save in that moment.”
Playing in goal in your late thirties and early forties is not unusual in professional soccer, but Guzan admits the emphasis on his age makes him “chuckle”.
“I’m not the first goalkeeper to be playing at 40 years old,” he says. “There are tons of guys that have come before me that have played in their forties in the Premier League, Bundesliga, World Cups. No disrespect to Major League Soccer but, you know, those guys are playing at a World Cup. If all of a sudden I’m playing in ’26, then we can have this conversation (about feeling younger).”
Could ’26’ mean a third World Cup on home soil? After Atlanta *******’s win on Saturday, there were mentions on social media of Guzan deserving a recall to the U.S. men’s national team.
Guzan earned his first international cap 18 years ago and was part of two World Cup squads in 2010 and 2014. He was the first-choice goalkeeper at the 2015 Gold Cup and 2016 Copa America Centenario. He has a total of 20 clean sheets with the U.S.
There was a time when Guzan was synonymous with the national team, even when he was competing with renowned goalkeepers Tim Howard and Kasey Keller, but he thinks a return to the U.S. squad would be an indictment of the goalkeeper pool.
“I hope that’s not the case,” he says when asked if he was expecting a call from USMNT head coach Mauricio Pochettino. Guzan pauses briefly before laughing about the texts he has received from close friends about the possibility of renewing his international career.
“It’s not a joking matter but, in my eyes, it is,” Guzan said. “(My friends) were joking about it, as well, and for me, it is what it is. It’s just that. It’s a bit of a laugh and joke.
Guzan last played for the USMNT in 2019 (Scott Taetsch/Getty Images)
“Our goalkeeper pool… we are in good hands. We’ve got guys that maybe they’re not playing week in and week out, but they’ve proven to be capable of playing in those types of environments. So, yeah, I’m not anticipating a phone call by any means.”
U.S. No 1 Matt Turner, a backup with Crystal Palace, described Guzan’s output lately as “truly spectacular”. Turner called Guzan a mentor who supported him during the 2021 Gold Cup that the U.S. won. “A lot of people at his age, if they had the injury that he had, might call it a day,” Turner told reporters on Tuesday. “You can tell when (Guzan’s) flowing. You know he’s in that mental zone. I was happy for him.”
In Guzan, Turner sees what he called a “pathway” for goalkeepers who still play at age 40. “That’s always been my dream, to make it into my forties and just keep plugging away,” said the 30-year-old.
For a lot of U.S. fans, the last image they have of Guzan is his desperate attempt to get a hand to a Messi free kick at the 2016 Copa America. Argentina defeated the U.S. soundly 4-0 at the semifinal stage of the tournament. The narrative has since changed. Guzan is now most recently remembered as the man who stopped Messi — many, many times. Whether it was a finger, a heel or an outstretched arm, Guzan parried and blocked countless attempts by Messi over the three games.
Sometimes luck was on Guzan’s side, too. In Game 2, for example, a close-range shot from Messi screamed past Guzan’s near post and continued out of bounds. The two shared a brief embrace that was more like a sign of mutual esteem.
“My oldest (child) asked me afterwards, ‘Are you friends with him? Because he gave you a hug’,” said Guzan. “And I was like, ‘I don’t think he was giving me a hug’. It was more like he was in disbelief that it went wide and I was in disbelief that it went wide, as well. I probably had a look on my face like: ‘*****, I was beat’. We dodged a bullet there but you have to have the utmost respect for someone like (Messi).”
In Atlanta, Guzan is a polarizing figure. He’s an MLS Cup champion and the club’s undisputed captain. Fans chant his name after a big save. Around the Atlanta ******* training facility, Guzan is a workaholic who sets the standard for his teammates. In March, he became the first player in Atlanta *******’s short history to make 200 appearances for the club. His longevity is a sidebar to the spotlight moment he’s experiencing at present.
“When things like this happen it’s about timing,” says Guzan. “The fact that it’s happened kind of back-to-back-to-back, in terms of how the games have finished — that certainly adds to the excitement level.”
Guzan challenges Messi in Game One on Atlanta’s series win over Inter Miami (Rich Storry/Getty Images)
But some Atlanta supporters have seen enough of Guzan. His 2022 season ended in April of that year after he ruptured an Achilles tendon. Then, in 2023, Guzan didn’t perform like he has this season and the fans have let him know about it.
“I’ve had people literally come up to me, whether it be at my kids’ sporting events, their games or practices, or just out and about in town, (and) say, ‘Hey, we really love you. Thank you for everything you’ve done, but we’ve got to move on’,” he said. “I give them a thumbs up and it’s just like, I don’t know what to say or how to react to that, because, you know, it’s a club decision, right?”
If it were up to Guzan, he’d continue to play beyond this season. He isn’t battling with any inner feelings that tell him to retire. Guzan is driven by the day-to-day aspects of being a professional, down to the smallest details.
“I enjoy coming in here and putting on my boots, putting on the gloves, and taping my fingers for the gazillionth time, you know?”
He has discussed retirement with teammate Dax McCarty, 37, who has announced that he’ll call it a day at the end of the season. Guzan has also sought opinions from other friends and former players about their decisions to ***** the final whistle on their careers.
“They’re just like: ‘I don’t want to go to practice. I don’t want to go outside. I don’t want to train’,” said Guzan. “And here I am, and I’m like: ‘OK, well, is that the sign that said it’s time to hang it up, because I don’t have that feeling?’. I want to be out there. I don’t know exactly what it is but I feel as if I can still contribute to the group. And most importantly, I feel sharp physically and mentally.”
In December 2023, Atlanta signed goalkeeper Josh Cohen, now 32, from Maccabi Haifa in the ******** Premier League. Cohen had played in the UEFA Champions League and told reporters after he signed that he was there to push Guzan for his spot.
But Guzan didn’t feel threatened. He understands the club needs a succession plan.
“I’m not naive to think that I can play forever,” he said. Still, at the start of the year, the pressure was on Guzan. He finally had competition in Atlanta.
“If you need to have outside motivation, you’re probably not going to be in this business a long time,” Guzan said. “You need to have an internal motivator to push yourself, so I didn’t take that personally whatsoever.
Guzan is in the final year of his contract with Atlanta (Jason Allen/ISI Photos/Getty Images)
“I looked at last year knowing that it wasn’t good enough from the standards that I set for myself, both individually and collectively, and as a leader of this team.
“Playing in the Premier League for nine years and playing with the national team, competing against and with the best players in the country; that competition for places is normal,” he continues. “And if it’s not normal, then you need to start asking questions elsewhere.”
Inside the Atlanta ******* dressing room, ending Messi’s season and the content catastrophe it caused MLS and its broadcast partner Apple, isn’t a main talking point. However, it’s not lost on Guzan either.
“That was never the goal,” he said. “The goal was to win a trophy. The goal is to win MLS Cup. You know, we laugh and smile and joke about it now, because you see these headlines, and it’s like, that’s not our problem.”
Guzan’s nine-year-old son may idolize Messi but he would like to be more like Argentina and Villa goalkeeper Emiliano Martinez. A Villa goalkeeping kit is his son’s latest request. Thousands of miles away in Atlanta, Villa ******** a part of the Guzan household. He follows his former Premier League club closely and keeps the city of Birmingham close to his heart.
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Both of his children were born in the city. Guzan still keeps in touch with ex-teammates Nigel Reo-Coker, Gabriel Agbonlahor, his former captain Stiliyan Petrov and ex-Villa winger Jack Grealish, among others.
“I look back on those years and I’m extremely thankful,” said Guzan. “When I was in high school, I said that my goal was to play for a big ********* club and go to Europe, and I lived my dream. Going to Europe, going to England, playing in the Premier League, being a part of a massive club like Villa for as long as I was — I don’t think I cherished those moments enough when I was in the moment.”
Guzan will have time to relive or reminisce about his past when his MLS career ends. For now, he’s too preoccupied with the moment he’s living presently.
A club spokesperson said that Atlanta ******* had received around 20 media requests for Guzan this week. After the international break, Atlanta ******* will travel to Orlando for the semifinal against their rivals. Guzan and his goalkeeping counterpart Pedro Gallese will be the two central figures in what is expected to be a tense affair in a hostile environment.
“It’s going to be a real dog ******,” Guzan said. “Hopefully afterwards, we’re celebrating, we’re taking another team photo in the locker room and we’re moving on to the conference final.”
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MLS playoffs without Lionel Messi could be a welcome reality check
(Top photo: Rich von Biberstein/Icon Sportswire via Getty Images)
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