Why One VC Firm Thinks ESports Is The Industry Of The Future
In a time when TV ratings are dropping for a number of different sports, eSports is on the rise. Millions of people tune in to watch gamers compete online to the tune of millions of dollars. That economic potential is grabbing the attention of VC firms like Accel.
Vas Natarajan, Partner at Accel, explains why the company sees so much potential in the eSports space. He says that he doesn't see eSports' growth slowing any time soon.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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In a daring daylight robbery on Sunday, thieves used a basket lift to scale the Louvre’s facade, smash display cases, and steal eight priceless jewels.
The Trump administration has agreed to resume processing student debt cancellations under two key income-driven repayment plans it had previously limited.
