11th March 2021

Goldman Sachs Commits To A Large Diversity Fund, NFTs Break A New Record For Digital Assets, And Disney+ Makes Large Subscriber Gains

Dear Reader,

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, compiled by hand to exclude the clutter and ensure you get up to speed in under a minute.

[Labor] Goldman Sachs said Wednesday it would commit $10 billion over the next decade toward advancing racial equity and economic opportunity for Black women. The new initiative — called “One Million Black Women” — will focus on access to capital, job creation, financial health, and workforce advancement. 

Over60: CNBC

[Economy] The European Central Bank has said it would accelerate the pace of its bond-buying over the next three months in response to the eurozone’s rising borrowing costs and faltering economic recovery from the coronavirus pandemic.

Over60: FT

[NFT] Today, Thursday, a non-fungible token (NFT) created by the digital artist known as Beeple sold for $69 million at Christie’s. The sale marks the largest such purchase for a crypto collectible. Read more about NFTs below.

Over60: The Verge, What are NFTs?

[Streaming] Disney said Tuesday its streaming service Disney+ surpassed 100 million subscribers in just 16 months, a major milestone for the company and the streaming industry. Netflix, in contrast, took nearly a decade to achieve the same growth.

Over60: Axios

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