YouTuber Logan Paul sold a rare Pokémon card for a staggering $16.5 million at auction, marking a significant return on his investment and solidifying the card's status as a valuable asset. The sale, which included a premium, concluded on Sunday night, according to Fortune.
Paul, a social media mogul and entrepreneur, initially acquired the Pikachu Illustrator card in 2022 for $5.3 million, making it the most expensive Pokémon card ever sold at a private sale at the time, according to Fortune. He then transformed the collectible into a piece of performance art and personal branding, wearing it in a diamond-encrusted chain to major events, including a WWE wrestling ring appearance. "It's vindication for the 'armchair quarterbacks yelling from the sidelines,'" he said, according to Fortune.
In other news, Warner Bros. Discovery has been granted a seven-day waiver by Netflix to reopen takeover talks with Paramount Skydance. This development, revealed in a regulatory filing on Tuesday, allows Warner Bros. Discovery to address unresolved issues in Paramount's previous offers, according to Fortune. Netflix stated that the waiver was granted to minimize distractions for Warner Bros. Discovery stockholders and the entertainment industry. Warner Bros. Discovery now has until Monday to negotiate a potential transaction with Paramount Skydance.
In other news, Snapchat is launching creator subscriptions in the U.S. on February 23rd, allowing users to pay for exclusive content and ad-free experiences from select creators like Jeremiah Brown, according to TechCrunch. This move, which follows similar offerings from competitors like Meta, aims to provide new monetization opportunities for creators and is part of Snapchat's broader strategy to enhance creator engagement.
Additionally, U.S. venture capital firms are increasingly focused on international deal flow, with a particular interest in Swedish startups such as Dentio, leveraging Stockholm's strong startup ecosystem, according to Variety. The news also covers a range of topics, including political criticisms of Rep. Eric Swalwell's campaign, debates over voter ID laws, and the SAVE America Act, alongside other issues like expiring tech deals and the crisis of missing persons in Mexico, according to Variety.
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