The Game Souk

Earnings week set the tone for this episode of Game Souk. The team broke down Microsoft and Meta, the widening debate over when the industry's enormous AI capital spending will pay off, and a run of products from the biggest tech companies that the panel questioned whether anyone actually asked for, from Meta's camera glasses to Apple's facial recognition smart home hub to Xbox ads.

Game Souk airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Xbox begins testing an ad supported cloud gaming tier, with ads front loaded before one hour streaming sessions, as the panel debates whether players accept it or reach for their phones.
• Microsoft and Meta earnings tell a tale of two strategies. Microsoft held roughly 190 billion dollars in capital spending guidance and beat on revenue led by Azure, while Meta lifted spending, kept it largely separate from revenue, and guided softer.
• The circular financing debate at the center of the AI selloff, including Nvidia's move to guarantee roughly 250 billion dollars of OpenAI's Ohio data center, and up to 600 billion including chips, with Nvidia acting as what the market now calls the central bank of AI

• Meta faces a privacy backlash as activist group Everyone Hates Elon plasters New York, London, and Washington with altered posters targeting the Kylie Jenner Meta glasses campaign
• Apple's new home lineup, including a Siri powered smart home hub with facial recognition, and whether Apple is once again a late mover arriving with the products customers actually want
• A Roblox concert epiphany. bbno$ drew millions inside +1 Speed Keyboard Escape and donated proceeds to the Internet Watch Foundation, following Bruno Mars in Steal a Brainrot, and the panel unpacked why Roblox artists join games that are already massive while Fortnite builds the concert into the event itself

#GameSouk #Gaming #Xbox #Microsoft #Meta #Apple #AI #Nvidia #OpenAI #Roblox

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• The unexpected winners of the FIFA World Cup were prediction markets. Kalshi became FIFA's official prediction market partner and posted more than $31 billion in June notional trading volume, roughly 85 percent of it in sports, while Polymarket's international exchange set a monthly record of $10.8 billion

• Soccer surged on Roblox during the tournament. FIFA Super Soccer, Realistic Street Soccer, and a wave of pack opening, squad building, and penalty kick titles all saw concurrent player gains

• Roblox announced Build, a mobile first creation tab powered by AI models, with public alpha testing beginning July 28 in New Zealand.

• New Roblox Plus personalization features including avatar backgrounds, app themes, and profile frames

• Open source models are closing the gap with the frontier. Moonshot AI released Kimi K3 at 2.8 trillion parameters alongside momentum from Alibaba's Qwen, DeepSeek, MiniMax, and NVIDIA's Nemotron family, prompting Gavin Baker's argument that this may be an inflection point for AI

• Regulatory pressure on model releases, the OpenAI disclosure that GPT 5.6 Sol escaped a sandbox during an internal cyber evaluation and reached Hugging Face infrastructure

• Unity and Epic hit their first milestone at Unite Seoul, demonstrating a Unity game rendering natively inside Unreal Engine with physics, lighting, and input synchronized. Early access is targeted for 2027, opening Fortnite to roughly five million Unity developers

• Felicia Day's Kickstarter for The Guild: Ren Faire'd hit its $1.5 million goal in three hours after Hollywood passed on the pitch, and what Backrooms and Obsession say about creator native economics reaching theatrical film

#GameSouk #Roblox #Fortnite #Unity #EpicGames #WorldCup #PredictionMarkets #Kalshi #AI #OpenSource #UGC #Gaming

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Meta's new $19.99 Meta One Premium subscription and rate limits on its Ray-Ban smart glasses, plus privacy concerns around the always on super sensing feature

• The content creator use case for smart glasses and where the category actually makes behavioral sense

• Microsoft's Xbox restructuring and layoffs, and Asha Sharma's memo stating that the business today is not healthy

• The end of the Phil Spencer era Game Pass strategy and subscriber growth that fell short of internal targets

• Microsoft refocusing on platform scale IP with Minecraft from Mojang and Candy Crush from King, plus Minecraft as the original home of UGC creators

• Roblox overhauling 2D clothing with higher upload costs, ID verification, a subscription requirement, and a creator revenue cut from 70% to 30%

• Roblox phasing out R6 avatars, classic faces, and 2D clothing, and the community backlash over moving away from its own nostalgia

• Kalshi losing its bid to block New York gambling enforcement, and the CFTC versus state fight over prediction markets

• A lighter close with Eliza's Roblox game Slay: Dress to Survive frog update and World Cup weekend

#GameSouk #Roblox #Xbox #Microsoft #GamePass #Minecraft #Meta #SmartGlasses #Kalshi #PredictionMarkets #UGC #Gaming

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Direct to consumer breaks open: how Tim Sweeney's fight against the Apple and Google 30% toll is reshaping mobile gaming, and why the subscription newsletter model is the real engine behind compounding growth

• The numbers behind direct to consumer: roughly $17B in direct to consumer mobile gaming revenue in 2025, and where Apple's legal fight with Epic stands now

• GTA VI pre-orders go live at $79.99 standard and $99.99 Ultimate ahead of a November 19 release, plus a genuine panel debate over whether Rockstar sticks the landing or quietly disappoints after more than a decade of hype

• Is gaming becoming a luxury? GTA VI pricing, the $1,000 plus Steam Machine, and what rising console and component costs mean for who gets to play

• Fortnite's record comeback on the App Store: its largest download week ever, its first ever million download day, and a geographic surprise out of Saudi Arabia and Mexico 

• Memory is the new oil: the AI CapEx race, Micron's record quarter, SK Hynix's roughly $29B US listing set to rank among the five largest ever, and market concentration not seen since 1999

• Meta under pressure: why the market is questioning its AI spending, the $900M Cred investment and Kunal Shah taking over WhatsApp, and the new Arena prediction markets app paid in points rather than real money

#GameSouk #GTA6 #Fortnite #DirectToConsumer #Micron #SKHynix #Meta #PredictionMarkets #Gaming #AI #Roblox

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

This week's Game Souk comes to you live from UnrealFest in Chicago, where the team spent four days with UEFN studios, creators, and technologists building the next era of interactive entertainment.

Game Souk airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• UnrealFest recap: 75% of UEFN in island transaction revenue now comes from genres outside Battle Royale, UEFN reaches 47% of Fortnite player hours, and Epic passes $1 billion paid to creators since launch

• How UEFN creators earn is widening: engagement payouts plus custom in game items, iteration up to 40% faster, and mobile playtime more than doubled

• Epic Store and Fortnite interoperability, plus Epic's new Model Context Protocol support for Claude, Gemini, and other models inside Unreal Engine

• Disney's deepening creator partnership and the rise of creator built Star Wars games like Droid Tycoon, Galactic Siege, and Escape Vader

• Roblox age verification rollout takes thousands of legacy games offline before Roblox calls the impact unintended and promises a fix

• Roblox introduces paid game review and shifts its discovery algorithm toward longer retention

• Roblox unveils its advertising revenue program and a new CPM on brand integrations

• The SpaceX IPO and its move to acquire Cursor, plus the tokenized share scramble

• US export controls force Anthropic to pull its Mythos and Fable models as Kevin Warsh holds rates in his first meeting as Fed chair

#GameSouk #Gaming #UEFN #Fortnite #EpicGames #UnrealFest #Roblox #UGC #Disney #StarWars #AI #SpaceX #Anthropic #GamingIndustry

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Brand and gaming dinners in LA and Brooklyn, and making brands playable for Gen Z and Gen Alpha

• Roblox's push toward higher quality games and aging up its audience

• Apple at WWDC: a new Siri powered by a custom Google Gemini model, and a slow and steady AI strategy

• Stronger Apple parental controls and the trust case for moving slowly

• Roblox safety changes, including a unique user ID per game, plus Russia lifting its Roblox ban

• The 42% DevEx rate increase for spend from US players 18 and older, and its eligibility caveats

• The equity tsunami and the record SpaceX IPO, plus cooling AI token growth and reported price cuts

• Epic vs Apple heads to the Supreme Court

• Slay: Dress to Survive and why UGC is really CGC, creator generated content

#GameSouk #Roblox #Apple #WWDC #SpaceX #EpicGames #Gaming #UGC #Fortnite #AI

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Authenticity as the secret sauce, and how Eliza Jäppinen built her Roblox game Dress to Survive

• Lana giving Dress to Survive its first major influencer coverage, and how kids are shaping game design from the inside

• Matthew Zanazzo on the latest Fortnite Creative changes, including the follow creator device update and the new 30 day genre tag hold

• Fortnite back on the App Store with 3.4 million downloads in its first week

• YouTubers beating Disney at the box office and what it signals for Hollywood economics

• The Discord and Roblox integration that launched, then got shut down within days

• Roblox Brand Link and a closer look at Roblox's track record shipping new products

• Mike Edwards on the equity tsunami: the SpaceX IPO, Anthropic's filing, Google's raise, and the memory chip boom

• The new cost frontier of pricing humans versus tokens as AI compute climbs

• Miles Dorsey on how token throttling is reshaping AI native startups

• The UEFN Community Awards and Unreal Fest

#GameSouk #Roblox #Fortnite #UGC #Gaming #AI #Discord #SpaceX #IPO #BoxOffice #UEFN

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Fortnite's return to the global Apple App Store delivers an eight-year download high, peaking at 674,000 daily installs, and what it means for Epic's ecosystem without the App Store tax

• Epic teases Unreal Engine 6 at the Rocket League Championship, with Rocket League as the first title to transition and UEFN's creator tools folded in

• Roblox's new "watch and earn" pre-roll ads and why James is bullish, with Rivals as an early standout

• The Adidas integration into Tower Defense Simulator and how brands that committed early are winning on Roblox

• The Clarity Act's path through the Senate, the crypto-politics correlation, and Bitcoin's recent divergence from equities

• The SpaceX prospectus, its AI-versus-space framing, and the rising cost of enterprise AI tokens

• Pope Leo XIV's first encyclical, "Magnifica Humanitas," and a full-team discussion on AI and human dignity

• Where AD8 Pop is headed next: brand events and investor gatherings in LA, New York, and London

Follow our substack, Bits of Signum | AD8 Pop! | The Game Souk, for more insights.

#GameSouk #Fortnite #EpicGames #UnrealEngine6 #RocketLeague #Roblox #Adidas #ClarityAct #Crypto #SpaceX #AI #PopeLeo #Gaming #Investing

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• The "NIMBY" data center backlash: 70% of Americans now oppose AI data centers in their area (Gallup), and how that anxiety links to the Annapurna "Mixtape" perfect-10 controversy
• Data centers in space, the SpaceX IPO prospectus, and what it means for capital allocation
• Epic's big week: Fortnite returns to the Apple App Store globally, plus the latest in the Epic v. Apple and Epic v. Google legal battles
• What a mobile foothold means for Fortnite vs. Roblox's UGC ecosystem
• Roblox's age-gating overhaul: new publishing rules, the "500 engaged players" requirement, and expanded parental controls
• Brands as playable: from OliPop x SpongeBob to the Oreo agency shake-up

#GameSouk #Gaming #Roblox #Fortnite #EpicGames #Apple #SpaceX #DataCenters #AI #Annapurna #Mixtape #UGC #GamingIndustry #TechNews #Investing

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Console price hikes: Xbox Series X now $650, PS5 Pro at $900, and Nintendo's Switch 2 raised to $500 — plus the memory shortages and supply chain forces driving them

• Cerebras Systems prices its IPO at $185, the largest semiconductor IPO of all time, as semiconductor valuations go parabolic

• AI goes mainstream in gaming: Mythical Games' efficiency gains and Sony PlayStation's CEO embracing AI for publishers

• Discord Nitro x Xbox Game Pass: Nitro members get a starter Game Pass library at the same $9.99 price — strategic win for Discord, exposure play for Xbox PC

• LEGO Batman: Legacy of the Dark Knight launches as a native Roblox integration in Driving Empire to promote the upcoming console/PC release

• Roblox advertising evolves: developer-paid ad slots, new "Earnings Ads" targeting past spenders, and the flywheel risk for top games

• Roblox rolls out global chat within age groups to drive communication-led engagement and monetization

• Roblox walks back its publishing subscription requirement — now a one-time 1,000 Robux fee, refundable after ongoing updates

#GameSouk #Gaming #Roblox #Xbox #PlayStation #Nintendo #Discord #LEGO #Cerebras #Semiconductors #AI #GamePass #Switch2 #AD8 #SignumGrowth

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.