Blockchain-Based Fantasy Sports Platform MyDFS Raises US$1M; Ex-Facebook Exec Joins Advisory Board

MyDFS, a blockchain-based daily fantasy sports platform, has raised US$1 million from LD Capital and added former Facebook and Skype executive Akin Babayigit into its advisory board, the startup announced on Thursday. Babayigit will help MyDFS with the upcoming global launch of its app. MyDFS said the new funding will be used to improve the…

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Ex-Facebook exec: Burgeoning data privacy laws will cause massive revaluation of internet companies

Online regulations will lead to a sea change in internet companies’ business models and how they are valued in the stock market, Palihapitiya says. Users need to re-evaluate their relationships with internet companies and the amount of data they’re giving away, he says. Palihapitiya also says he still believes in Facebook. Tech venture capitalist and…

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