The company also announced that Disney Plus lost 1.3 million subscribers post-price hike
What just happened? Disney is making its largest-ever investment in the gaming space by taking a $1.5 billion equity stake in Epic Games. The deal will also see the creation of an "expansive and open games and entertainment universe" that will interoperate with Fortnite. Disney explained that consumers will be able to play, watch, shop and engage with content, characters, and stories from Disney, Pixar, Marvel, Star Wars, Avatar, and more.
The big picture: Microsoft's market value has gone up more than 10 times since Satya Nadella took charge of the company in 2014, replacing its former CEO, Steve Ballmer. During that same time, the broader S&P 500 only grew 185 percent, making Microsoft one of the best-performing large-cap stocks in the country over the past decade.
The tech giant has cited ballooning costs associated with IPv4 addresses
The big picture: In the world of tech, IP addresses are akin to digital real estate. Just like in the physical realm where urban sprawl is an issue, the IPv4 territory is becoming increasingly crowded. There is a finite number of these 32-bit internet IDs available, and demand far exceeds supply as our online presence balloons.
IBM once said it wouldn't force remote employees back to the office
A hot potato: It's not just average workers who are being forced to leave the comforts of home. IBM has given an ultimatum to its remote managers: get back into the office or a client location for at least three days per week or find another job. The company's message to those who live too far away to comply with this demand? Move closer.