Snap finally did it, y’all – TechCrunch

It’s profitable. Kinda Sound the horns, unveil the banners, cue the parade. Snap is profitable. And we don’t mean adjusted-EBITDA profitable, adjusted-operating-income profitable, or even the infamous non-GAAP-net-income profitable. It’s real-profit profitable. In the fourth quarter of 2021, Snap reported $1.3 billion in revenue (up 42% year over year), an operating loss of $25.1 million,…

Tripp acquires EvolVR to help more people fly higher in the metaverse – TechCrunch

California-based “XR wellness and digital psychedelics platform” Tripp continues its acquisition path to growth with its acquisition of the world’s largest VR meditation community, EvolVR, following its purchase last year of PsyAssist, a mobile app used by people to keep their psychedelic experiences on track. The acquisition comes alongside the company revealing it is working…