Update: The market value for Counter-Strike skins fell by $3 billion since Valve updated the game Wednesday evening. That's -48%. www.bloomberg.com/news/article...

Here's a fun chart I made in May when the CS skin market hit $4.3 billion. Shows why investors pumped so much $$ into it. It hit $6 billion before it tanked last night.

New: The market for Counter-Strike skins fell $1.75 billion overnight -- that's 25%.

Investors dumped money into the digital item market amid concerns about the S&P 500 and crypto. Then, last night, Valve pushed a market-breaking update to the game

Those ex-Ubisoft employees were convicted following a sexual harassment trial. In Bloomberg:

Since April, a gamer named ChickenDog was a fixture outside Nintendo NY. He and his supporters, all in suits, traded shifts sleeping and grabbing pizza ahead of the Switch 2 launch. Here's ChickenDog after Nintendo's Doug Bowser handed him the 1st Switch 2 www.bloomberg.com/news/article...

The market cap for Counter-Strike 2 skins has hit a record $5 billion, according to Pricempire. We reported in March that the market for digital gun accessories was growing while the S&P 500, Bitcoin and Ethereum struggled. www.bloomberg.com/news/article...

This graph from our story on how Google's AI Overviews for Search have impacted web businesses is pretty interesting. (Google denied that the AI Overviews rollout hurt web traffic.) www.bloomberg.com/news/article...

New: Discord CEO Jason Citron has stepped down amid IPO discussions. Discord's new CEO Humam Sakhnini was the president of King (Candy Crush) and vice chairman of Activision Blizzard

Effusive with pride to see so much positive change after our investigation into child predation on Roblox--and to celebrate its impact alongside so many reporters I admire. Thank you, Polk Awards!

GameStop used to be a store at the strip mall where I'd go to bother older teens and get dizzy playing Super Mario Sunshine....... now they're marketing "conversion premiums" on "convertible senior note offerings" and adding "Bitcoin" as a "treasury reserve asset"

New: The market for Counter-Strike 2 skins hit an all-time high today at $4.3 billion--amid concerns around the S&P 500 and cryptocurrencies. www.bloomberg.com/news/article...

More context:

Former Activision CEO Bobby Kotick wanted former EA CEO John Riccitiello to run the company forever -- because he was so bad, Kotick said. Riccitiello went on to run Unity. ign.com/articles/bob...

Riot's co-founder responded to our story this morning on Reddit: reddit.com/r/leagueofle...