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Amazon to lay off 10K employees, FTX saga update, Shopify's reverse AR platform & more | E1612
This Week in Startups
Mobile Gaming
The advertising industry shrank 7% in the second quarter, according to data from Nielsen. Mobile gaming revenue fell 9.6% year over year to $11 billion. Roblox is down 67%. Rockstar, which owns Grand Theft Auto and BA2K,. Is down 41%, Unity is down 84.5%. And it's just this kind of perfect storm, I guess, of the ad industry collapse.
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