Crypto tax and tax to crypto, GME’s NFT plans, and Snap’s afterhour’s jump
Tech, Media, and Business News Headlines — issue no. 450

🇺🇸 The #US Senate Judiciary Committee approves the #OpenAppMarketsAct, which would allow app sideloading and let developers use their own in-app payment systems 🔗


🇺🇸 #Coinbase partners with #TurboTax to let users directly deposit state and federal #tax refunds into their accounts and automatically buy #cryptocurrency 🔗


👉 #GameStop plans to launch an #NFT marketplace in 2022, built on the #Ethereum-based #ImmutableX platform, and is creating an “up to $100M” fund for game developers 🔗


📱 #Counterpoint: #Apple shipped 2.3M iPhones in India in Q4, up 34% YoY; #Xiaomi shipped 9.3M #smartphones, up 2% YoY, and #Samsung shipped 7.2M, down 8% YoY 🔗


📈 #Amazon will raise #AmazonPrime's annual price by $20 to $139 and its monthly price by $2 to $14.99, on February 18 for new members and March 25 for current members 🔗


💲 #Amazon reports Q4 revenue up 9% YoY to $137.4B, net income up 98% to $14.3B, #AWS revenue up 40% to $17.8B, and FY 2021 revenue up 22% to $469.8B; stock up 15%+ 🔗


💲 #Snap, #Snapchat’s parent company, reports its first quarterly net profit, with Q4 revenue of $1.3B, up 42% YoY, and net income of $23M; FY 2021 revenue grew 64% to $4.1B; stock is up 55%+ 🔗


💲 #ActivisionBlizzard reports Q4 revenue of $2.16B, down 10% YoY, net bookings of $2.49B, down 18% YoY, 371M MAUs, down from 397M a year ago 🔗


💲 #Nintendo reports 10.67M Switch sales in Q3, down 8% YoY, bringing lifetime #NintendoSwitch sales to 103.54M, overtaking the Wii's 101.63M in under five years 🔗


💲 #Pinterest reports Q4 revenue of $847M, up 20%, and 431M global MAUs, down 6% YoY, and says revenue grew 52% YoY in FY 2021 to surpass $2B; stock up 28%+ 🔗


📰 @iXDaily by @PerspectiveIX
🔗 https://bio.link/perspectiveix