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An indie studio says it’s at risk of closure after Valve banned its game from Steam

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Indie studio Santa Ragione said it is at risk of shutting down as its latest project won’t be available on Steam, which is by far the biggest storefront for PC games and a key point of sale for many developersHorses, a first-person horror game that blends gameplay and live-action sequences, is about a college student who spends a summer working on a farm. However, the farm’s “horses” are actually naked human adults who are wearing horse masks. It’s clear from the trailer that this is a game for grownups.

The studio plans to release Horses on the Epic Games Store, GOG, Itch and the Humble Store on December 2. However, Valve’s content review team blocked Horses from Steam.

“We reviewed the game back in 2023. At that time, the developer indicated with their release date in Steamworks that they planned to release a few months later. Based on content in the store page, we told the developer we would need to review the build itself. This happens sometimes if content on the store page causes concern that the game itself might not fall within our guidelines,” Valve told PC Gamer. “After our team played through the build and reviewed the content, we gave the developer feedback about why we couldn’t ship the game on Steam, consistent with our onboarding rules and guidelines. A short while later the developer asked us to reconsider the review, and our internal content review team discussed that extensively and communicated to the developer our final decision that we were not going to ship the game on Steam.”

Santa Ragione wrote in an FAQ that it’s “committed to producing challenging, adult storytelling. Horses uses grotesque, subversive imagery to confront power, faith, and violence. We reject subjective obscenity standards and believe this kind of moralizing censorship evokes a darker past in which vague notions of ‘decency’ were used to silence artists. Games are an artistic medium and lawful works for adults should remain accessible. We respect players enough to present the game as intended and to let adults choose what to play; lawful works should not be made unreachable by a monopolistic storefront’s opaque decisions.”

This particular ban precedes the recent censorship of adult-oriented games at the behest of payment processors. Santa Ragione wanted to create a Steam store page for Horses back in 2023 to help build interest. The studio says Valve wanted to see a playable build of the game before it would approve a Coming Soon page. The game was nowhere close to being finished, so Santa Ragione scrambled to put together a playable version of the game with “tons of placeholders.”

According to an email from Valve that the developer shared, it banned Horses from the storefront over “content that appears, in our judgment, to depict sexual conduct involving a minor.” Santa Ragione said Valve didn’t provide more detailed reasons for rejecting the game. Valve noted that it wouldn’t accept further submissions of Horses, “even with modifications.”

The developer claimed that it spent the next two years trying to change Valve’s mind, but the company repeatedly pointed it to Steam’s general guidelines and rejected its “requests for review and appeal.” Santa Ragione does have a plausible theory as to why Valve blocked the game from Steam, however. The studio wrote in the FAQ that:

All characters in the game are clearly older than 20 years old, as communicated by their appearance and through dialogue and documents that you will encounter in the game. We think the ban may have been triggered during the initial Steam submission by an incomplete scene on day six, in which a man and his young daughter visit the farm.

The daughter wants to ride one of the horses (in the game the ‘horses’ are humans wearing a horse mask) and gets to pick which one. What followed was an interactive dialogue sequence where the player is leading, by a lead as if they were a horse, a naked adult woman with a young girl on her shoulders. The scene is not sexual in any way, but it is possible that the juxtaposition is what triggered the flag.

We have since changed the character in the scene to be a twenty-something woman, both to avoid the juxtaposition and more importantly because the dialogue delivered in that scene, which deals with the societal structure in the world of Horses, works much better when delivered by an older character.

As a result of the Steam ban, Santa Ragione claimed it will be “very difficult“ to recoup its investment on Horses, which it claims is “not pornographic”. It spent around $100,000 on the game’s development.

The studio initially put $50,000 of its own money into Horses after signing a deal with the game’s creator, Andrea Lucco Borlera. It hoped to cover those costs with sales of its last game, Saturnalia, but that didn’t perform nearly as well as the studio hoped. Horses was slated to be featured in a bundle, but that fell apart around the same time as Valve rejected the game. Santa Ragione said the Steam ban made it practically impossible for it to find an external publisher or partner, so it ultimately raised funds from friends in order to complete the game. As such, the studio claimed it is now “in a completely unsustainable financial situation unless the game somehow recoups its development costs.”

Santa Ragione still plans to support Horses for at least another six months after release. It has set aside funds to cover the costs of fixing bugs and adding quality-of-life changes. But barring Horses finding success on non-Steam storefronts, that may be the studio’s last activity.

“I don’t want to make a final decision before seeing how the game does on launch. But if things go the way that I expect them to go, then I think [studio’s closure] is inevitable,” Santa Ragione co-founder Pietro Righi Riva told GamesIndustry.biz. “All the money we’ll earn is gonna go to the author and to the people who have offered money to finish the project. So there will likely be no money left to make a new [game]… Unless a miracle happens and Horses does very well.”



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Don’t buy Nest x Yale Lock when its sequel is on sale

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If you’ve been waiting for a good time to swap out your Nest x Yale Lock, Google’s replacement Yale Matter lock is now at the lowest price we’ve ever seen, and Google’s latest Nest Cams are also on sale too.

The Nest x Yale Lock came out several years ago at this point, but has been a key part of Google’s smart home. As the rest of the Nest lineup has been updated, though, the Nest x Yale Lock wasn’t. Instead, Google again partnered with Yale to build a replacement that utilizes Matter and is tailor-made for the Google Home app. The new lock also adds a physical key backup and some new styles that match Nest Doorbell.

Now, you can pick up this new model for less than ever.

The Yale Matter smart lock for Google Home is currently down to around $140 on Amazon, a discount of $50 from the usual $189 price tag. The price varies by a few dollars depending on which color you pick, with the matte black finish being the most affordable of the bunch. Notably too, there are some open-box units available through Amazon’s Warehouse Deals for even less, and Amazon is running 30% off coupons for some of these open-box products too. Look for an on-page coupon for those.

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This is absolutely the one to buy in 2025, even with the original Nest x Yale Lock inexplicably still on sale, for $200.

Meanwhile, you can also save on other Nest products right now.

The new 2K Nest Cam lineup is discounted for the first time, with the 2K indoor camera down to $75, the Nest Cam Outdoor 2K at $120, and the Nest Doorbell 2K at $140. They’re all 20% or more off their normal pricing, depiste having launched just a couple of months ago.

Other notable Nest discounts include up to 35% off the Nest Thermostat and Nest Learning Thermostat, and 30% off of Nest WiFi Pro.

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Mass. DOC to launch prison wellness hotline following spike in suicides

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Next week, the state Department of Correction will debut a new wellness hotline for incarcerated individuals, as part of its response to a recent rash of suicides at two of its prisons.

The DOC’s existing contracted health care provider, VitalCore Health Strategies, will operate the overnight hotline from 8 p.m. to 8 a.m., scheduled to roll out Dec. 1 across all facilities.

DOC Commissioner Shawn Jenkins said the new resource will provide “direct access to qualified mental and medical health professionals when concerns arise and strengthen the continuum of mental health services already in place to support individuals in our care.”

“This added resource improves our ability to identify and respond promptly to individuals in need of support,” he said.

Meanwhile, advocates for the incarcerated say the DOC needs to instead focus on more preventative measures, rather than attempts to address mental health crises after they’ve already begun.

Earlier this month, the DOC announced it is taking “system-wide clinical and safety actions,” including an independent review process led by a forensic mental health expert, after six unexpected deaths have occurred at MCI-Norfolk and Souza-Baranowski Correctional Center since Sept. 20.

Four of those deaths are apparent suicides. As of Nov. 4, the DOC said there had been six apparent suicides in custody in 2025 (three at Souza, two at MCI-Norfolk and one at MCI-Shirley). It’s an alarming increase over recent years — there weren’t any in 2024, while 2023 and 2022 each saw one.

Incarcerated people and their advocates, such as Prisoners’ Legal Services of Massachusetts, have been ringing the alarm over the worrisome concentration of deaths this fall, citing a storm of mental health, substance use issues (primarily the synthetic drug K2 that runs rampant across prisons and jails) and a perceived lack of treatment provided by the DOC to address both.

William Duclos, an incarcerated man who is part of the Norfolk Inmate Council, testified in front of the state Legislature last month about a “sense of hopelessness” that he believes led to at least two suicides of men who were struggling with K2 addiction and placed in Norfolk’s Behavioral Assessment Unit (BAU).

Instead of receiving treatment, Duclos contended, the men were subjected to punitive measures, a claim the DOC has denied.

BAUs are a type of segregated housing currently the subject of a class action lawsuit in Suffolk County Superior Court.

In a Nov. 7 letter where Duclous outlined numerous desired actions to address K2, he advocated for an “outside provider” to offer a substance use disorder hotline in the prisons, as well as a 24/7 suicide hotline.

Dave Rini, executive director for Prisoners’ Legal Services, questioned the hotline as announced by the DOC — because of its reactive approach and operation by VitalCore, the national for-profit carceral health care provider currently in a five-year, $770 million contract with the state of Massachusetts.

VitalCore has contracts in multiple states, including Mississippi, Michigan and Delaware, and has faced legal battles and scrutiny.

“We need reforms that will prevent people from wanting to harm themselves in the first place,“ Rini said. ”Short staffing and copious reports of delayed and poor care from VitalCore raise serious concerns about a hotline’s ability to address the broader crisis of suicidality.“

Rini also raised concerns with reports from clients that the DOC responds to crises by putting them in BAUs, which he called “solitary confinement conditions,” a categorization with which the DOC also disagrees.

“It is unclear how a hotline will be an improvement,” Rini said. “To meaningfully address suicidality, we must increase access to out-of-cell time, adequate mental health and substance use treatment, community connection, and meaningful pathways to release that provide hope.”

Starting in 2018, the DOC was under investigation by the Department of Justice, which ultimately concluded the agency failed “to provide adequate mental health treatment to prisoners experiencing a mental health crisis and instead exposes them to conditions that harm them or place them at serious risk of harm.”

A settlement agreement was reached in 2022, instead of the DOJ filing a lawsuit.

Rini believes more consultation with incarcerated people and their advocates “will strengthen the response to the current crisis.”

What happens when someone calls the hotline?

In addition to mental health crisis services, the hotline will also assist incarcerated individuals with general medical questions and needs, the DOC said.

Available only overnight, the line will be monitored and answered “by live health care professionals,” according to the DOC. Outside of 8 p.m. to 8 a.m., individuals calling the hotline will be notified via an automated message to contact staff within their facility.

The hotline will be accessible from DOC-issued tablets and any of the facilities’ wall phones, the agency said.

According to the DOC, the live health care staff answering calls will create an individualized response based on the issue or concerns reported. Individuals requiring immediate intervention will be brought to the attention of the DOC “in order to assist in facilitating a face-to-face medical interaction at the site,” the agency said.

Jenkins, the DOC’s commissioner, recently told the Boston Globe the department will also start playing an automated message at the start of phone calls with family members, urging them to alert staff to concerns about their loved one hurting themselves.

Asked by MassLive how the DOC responds to concerns reported by a family member, the agency said an immediate referral is placed to a health care professional within the facility. After conducting a comprehensive risk assessment, the provider “may initiate a therapeutic supervision and create a comprehensive individualized treatment plan.”



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Onton raises $7.5M to expand its AI-powered shopping site beyond furniture

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Major tech companies aren’t just using AI to help you generate or summarize content — they also want you to use it for shopping. OpenAI, Google, and Amazon have heavily invested in AI assistants that research new product categories for you and suggest the right ones to buy.

Startups like Perplexity, Daydream, and Cherry have also built businesses around AI for product discovery. All these efforts have resulted in customers using more AI for shopping. Onton (previously known as Deft), an AI-powered furniture shopping platform, says it has seen its user base grow from 50,000 monthly active users to over 2 million monthly active users, serving millions of searches and image generations.

Fueled by this growth, the startup announced today that it has raised $7.5 million in a new funding round led by Footwork, with participation from Liquid 2, Parable Ventures, and 43, among others. This round brings the startup’s total funding to approximately $10 million.

Onton co-founders Zach Hudson and Alex Gunnarson Image Credits: Onton

Using this funding, the company wants to expand into new categories such as apparel and then eventually consumer electronics.

The company rebranded from Deft to Onton earlier this year, citing confusion around the original name and difficulty securing a premium domain.

Zach Hudson, co-founder of Onton, says that while large language models (LLMs) are good at guessing probable intent, they have not solved many problems in e-commerce. He added that the startup has observed that the average time a consumer takes to make a purchase decision has increased.

Image Credits: Onton

For its core technology, the company uses what’s called neuro-symbolic architecture. Hudson said that with this approach, the company can eliminate the hallucination problems of LLMs and provide better, logical search results. He added that the startup’s model can also learn information from the real world that might not necessarily be included in a product description.

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“Let’s say you are looking for furniture that is pet-friendly. Our tools know that if the item has polyester in it, it would be more stain and scratch-resistant, so it would be more pet-friendly. Our tools learn these things through every single search and become smarter at a faster rate,” Hudson said.

He added that often, when you search for a product that might be called different things on different sites, you don’t get great results. The company’s AI model takes those scenarios into consideration while presenting results.

Onton has added different input methods and features to help people with their short and long-term decisions. You can now upload an image or add a prompt to generate what you want to achieve with your house or office setup, and Onton can find you furniture based on that.

Image Credits: Onton

Onton also offers an infinite canvas with image generation, where you can add existing images along with the products you find for ideation. You can also add images of your room and ask the tool to furnish it.

The company feels that rather than stick to a chat-only approach, these features will give consumers more options to get to what they want, even if they don’t know how to describe it perfectly.

The startup said that with these approaches, it has been able to convert customers 3-5x more than traditional e-commerce sites, as they can trust the underlying data.

Hudson noted that because of the technological and interface changes it made, it will be easier to launch apparel. The company is building its catalog for the category and plans to launch the vertical soon. In this category, it will face competition from companies like Daydream, Aesthetic, and Style.ai.

The company has grown from three full-time employees in 2023 to 10 now, with plans to expand the team to 15 people by hiring engineers and researchers.



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The Fire TV Stick 4K Max is on sale for $35 in Amazon’s Black Friday deals

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Amazon has Black Friday savings on its most potent streaming stick. The Fire TV Stick 4K Max is 41 percent off, bringing it close to its record low. You can get it now for $35.

The Fire TV Stick 4K Max is one of Engadget’s favorite streaming devices. The stick supports a solid mix of advanced technologies for its price: Dolby Vision, Dolby Atmos, 4K and HDR10+. As long as the rest of your entertainment setup can handle it, you’ll get a high-quality picture and sound. It also supports Wi-Fi 6E, enabling better, faster connectivity with compatible routers.

Image for the small product module

Amazon

Get Amazon’s top-of-the-line streaming stick for $35.

$35 at Amazon

The 4K Max has the fastest processor of any Amazon Fire TV Stick, so expect zippy navigation. It also supports Amazon’s Ambient Experience. This mode displays art (like on Samsung’s The Frame) while the device is in standby. It’s also a solid choice for gaming: It supports Xbox cloud streaming and works well as a retro game emulator, too.

The UI is where Amazon appears to be subsidizing the device’s low cost. Expect to see loads of Prime Video content promos, along with other ads. But for $35 (compared to its MSRP of $60), you may find it easier to justify that tradeoff.

Also on sale is Amazon’s Fire TV Stick HD, our pick for the best budget streaming stick. This model doesn’t support 4K; instead, it limits you to 1080p at 60 fps. At $18 for Black Friday, it’s certainly cheap. But if you have a 4K TV (or plan to soon), you may want to consider the slightly more expensive model.

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Qualcomm’s Snapdragon 8 Gen 5 is an always-listening, flagship-ready chipset

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Qualcomm has never been scared to shake up its product lineup, much to the frustration of those of us who need to remember all of its product names. Just a couple of short months after the arrival of the Snapdragon 8 Elite Gen 5, the company has returned with the Snapdragon 8 Gen 5 — similarly named, but without its Elite tag.

In many ways, Qualcomm’s non-Elite flagship chip for next year isn’t all too dissimilar from its more powerful counterpart. It’s built on a 3nm process, features the company’s custom-built Oryon CPU with a fairly familiar architecture, and comes with the usual focus on performance, ultra-fast networking, and more. Looking over the product briefs for the Snapdragon 8 Gen 5, I’d hazard a guess that, in a hypothetical world without the Elite series, very few Android users would feel like anything’s missing.

That said, this isn’t quite up to par with the mobile powerhouse you’ll find in the OnePlus 15. That Oryon CPU, for example, features the same combination of two Prime cores and six Performance cores, but at reduced clock speeds — 3.8GHz and 3.32GHz, respectively. I can’t imagine the vast majority of users would notice a difference outside of raw benchmarks, but it’s a sacrifice nonetheless.

Those specs are enough to deliver a 36% performance boost over 2023’s Snapdragon 8 Gen 3. Likewise, the bundled Adreno GPU includes 11% performance improvements over that same chip. That means practically anyone upgrading from a Snapdragon-powered device two or more years older will see a leap forward, despite not springing for the more expensive chipset. And, largely speaking, if the Snapdragon 8 Elite Gen 5 supports it, you can bet the non-Elite model likely does too.

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The one big change this time around seems to come to the company’s Sensing Hub, one of its main AI-centric improvements this time around. With its own AI processor, Qualcomm’s Sensing Hub is apparently capable of waking up Gemini (or other assistants) whenever a user picks up their device, combining that sense of motion with the “microphone and sensor inputs to detect users’ intent to speak.” I’d be curious to see how, exactly, that works in action — is this attempting to use context clues to determine whether I’m about to activate Gemini, or it simply listening whenever I pick up the phone — but naturally, a partner OEM will need to build functionality on top of this utility for it to work.

Qualcomm says its latest chip will be found in devices from “global” brands, including iQOO, Vivo, Motorola, and OnePlus. With CES and MWC on the horizon for early next year, don’t be surprised if plenty of Snapdragon 8 Gen 5 phones are lining the walls of your local carrier not long after the holidays.

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Holocaust Museum Boston moves historic railcar into construction position overlooking Boston Common

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Traffic on Tremont Street slowed, passersby glanced up and a sea of cellphones pointed skyward on Tuesday morning when a crane lifted a historic railcar into the construction site of the new Holocaust Museum Boston — set to open in late 2026.

The railcar, weighing more than 12 tons and more than 30 feet in length, will be a focal point of the city’s newest museum — visible from a protruding fourth-floor bay window facing out to the northeast corner of Boston Common.

Discovered in a junkyard in the Balkan country of North Macedonia, the railcar is believed to be the type the Nazis used to transport Jews and other victims of the Holocaust to extermination camps across Europe, according to the museum.

“This railcar is not just wood and steel. It’s not just an artifact. It’s a witness. A witness carries truth forward when people can no longer speak for themselves,” said Jody Kipnis, the CEO, president and co-founder of Holocaust Legacy Foundation — the group behind the new museum.

People would have been locked inside such railcars from the outside, deprived of food, water, heat and “the basic dignity of being seen as human beings” while they were shuttled against their will in overcrowded conditions, Kipnis added.

Due to its sheer size, the museum said the “meticulously restored” railcar could not be installed after the structure’s final build-out. Therefore, the decision was made to construct the building around the railcar instead.

Once construction is completed, the railcar will be viewable from street level, though partially obscured by the building’s exterior walls and cladding.

The design aims to present a visual effect in which passersby see museum visitors enter the railcar from the window, but do not see them exit.

The museum called it a “visible reminder of the millions of Jews who were transported to their deaths in railcars just like this one.”

The Nazi-era railcar was donated to the museum by Sonia Breslow of Scottsdale, Arizona, who has a personal connection to the Holocaust and to the region.

Breslow’s father, Joseph Polonski, was a survivor of the Treblinka extermination camp in Poland — where hundreds of thousands of Jews were systematically brought by railcar and killed by the Nazis.

Less than 70 Jews survived Treblinka, according to Kipnis. Polonski was among the few who were able to successfully escape the camp.

He later immigrated to Boston after World War II, rebuilding his life in Massachusetts.

The city’s famed Freedom Trail passes the Holocaust Museum Boston site.

Kipnis said the visibility of the railcar will force people to confront “the cost of indifference,” which remains relevant into today’s world.

“The Holocaust was not carried out by Nazis alone,” Kipnis said. “It was carried out by people. Ordinary people, who kept the trains running, who stamped the papers, who followed schedules, who chose silence over courage.”

“The machinery of genocide ran because countless individuals did their everyday jobs and looked away,” she added.

“This railcar asks each of us, when we see hatred, will we speak? When we witness injustice, will we act? When silence feels easier, will we choose courage instead,” Kipnis said. “This is not just a relic. It’s a call to conscience. It’s a warning.”

Other museum exhibits will include an interactive experience called “Dimensions in Testimony,” in which visitors engage in conversations with holographic-like representations of Holocaust survivors based on pre-recorded interviews.

Rick and Janice Lipof, members of the museum board of directors present for the milestone, said the railcar had always been central to the museum’s design since its inception.

Rick Lipof added that the building’s top two floors will be spaces designated for meetings and education with a direct view to the golden dome of the Massachusetts State House.

The couple indicated that the museum’s location, a prime downtown site close to the seat of democracy in the Commonwealth, was very much intentional.

Located at 125 Tremont St. — just steps from the Park Street MBTA station — Holocaust Museum Boston said it will be the only museum in New England to be fully devoted to Holocaust history and education.

Holocaust Museum Boston is notably a separate entity from the six glass pillars of the New England Holocaust Memorial, situated next to Boston City Hall.



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Viola Fletcher, one of the last survivors of the Tulsa Race Massacre, dies at 111 : NPR

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Viola Fletcher died Monday at the age of 111. She was one of the last survivors of the 1921 Tulsa massacre.



AILSA CHANG, HOST:

The oldest survivor of the 1921 Tulsa Race Massacre died yesterday. Viola Ford Fletcher was 111 years old. Elizabeth Caldwell from member station KWGS has this remembrance.

ELIZABETH CALDWELL, BYLINE: Viola Ford Fletcher was just 7 years old when she fled the prosperous Tulsa neighborhood known as Black Wall Street. She said her family lost everything after an enraged white mob destroyed about 35 city blocks and, according to historians, killed as many as 300 people. In 2023, she testified before a House committee.

(SOUNDBITE OF ARCHIVED RECORDING)

VIOLA FORD FLETCHER: When my family was forced to leave Tulsa, I lost my chance of an education. I never finished school past the fourth grade.

CALDWELL: Fletcher worked as domestic help to white families near Tulsa for most of her life. She raised three children. Fletcher accused the perpetrators of the massacre, who included government officials, of living in wealth while she struggled in poverty.

(SOUNDBITE OF ARCHIVED RECORDING)

FLETCHER: I have been blessed with a long life and have seen the best and the worst of this country. I think about the horror inflicted upon Black people in this country every day.

CALDWELL: But she credited love, not bitterness, as the secret to a long life during an interview last year on her 110th birthday.

(SOUNDBITE OF ARCHIVED RECORDING)

FLETCHER: Being fair and – with others and with their lifestyles and everything. I’ve always, you know, been on the honest side and cooperate.

CALDWELL: Fletcher did get some private donations throughout the years, but her legal bid for compensation for the massacre from the state of Oklahoma and the city of Tulsa stalled. In an interview last year, her attorney, Damario Solomon-Simmons, said she remained warm-hearted despite the setback.

(SOUNDBITE OF ARCHIVED RECORDING)

DAMARIO SOLOMON-SIMMONS: She has just this great attitude, this wonderful, loving spirit.

CALDWELL: Remembrances for the supercentenarian have been pouring out on social media. Tulsa’s first Black mayor, Monroe Nichols, announced the news of her death to the city, calling Fletcher’s life a reminder of how far we have come and how far we must still go. For NPR News, I’m Elizabeth Caldwell in Tulsa.

(SOUNDBITE OF MUSIC)

Copyright © 2025 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

Accuracy and availability of NPR transcripts may vary. Transcript text may be revised to correct errors or match updates to audio. Audio on npr.org may be edited after its original broadcast or publication. The authoritative record of NPR’s programming is the audio record.



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Why ‘hold forever’ investors are snapping up venture capital ‘zombies’

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Italian company Bending Spoons flew largely under the radar — until last month. In a span of 48 hours, the company announced the acquisition of AOL and a massive $270 million raise, quadrupling its valuation to $11 billion, up from $2.55 billion set in early 2024.

Bending Spoons has grown rapidly by acquiring stagnating tech brands like Evernote, Meetup, and Vimeo, then turning them profitable through aggressive cost-cutting and price increases. While the company’s approach is similar to private equity, there is one key difference: Bending Spoons has no plans to sell these businesses.

Andrew Dumont, the founder and CEO of Curious, a firm that also acquires and revitalizes what he calls “venture zombies,” is convinced this “hold forever” strategy will become increasingly prominent in the coming years as AI-native startups make older VC-backed software businesses less relevant.

“Our belief is that the venture power law, in which 80% of companies ‘fail,’ produces many great businesses, even if they’re not unicorns,” Dumont told TechCrunch.  

Dumont defines a “great business” as one that can be purchased at a low price and quickly revived to generate substantial cash flows. This “buy, fix, and hold” strategy is the playbook for a growing number of investors, from the 30-year-old Constellation Software, which pioneered the model, to newer players, including Bending Spoons, TinySaaS.groupArising Ventures, and Calm Capital, according to Dumont.

“Our whole model is to buy these companies, make them profitable, and use those earnings to grow the business,” Dumont said.

In 2023, Curious raised $16 million in dedicated capital for buying software companies that have stalled and can no longer secure follow-on investment.

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Since then, the firm has bought five businesses, including UserVoice, a 17-year-old startup that raised $9 million in VC funding from Betaworks and SV Angel.

“It’s a great business, but the cap table wasn’t aligned with keeping it. These funds get old, and these companies just sit there,” Dumont said. “We provide liquidity and also reset these companies for profitability.”

Although Dumont didn’t disclose how much he paid for UserVoice, he said that stagnant companies sell for a fraction of the valuation commanded by healthy SaaS startups, which typically sell for 4x annual revenue or more. Based on our conversation, we estimate that “venture zombies” sometimes sell for as low as 1x yearly revenue.

By implementing cost-cutting and price increases, Curious can push these businesses to achieve 20% to 30% profit margins almost immediately. “If you have a million-dollar business, you’re kicking off $300,000 in earnings,” he offered as an example.

They achieve the turnarounds because, unlike the stand-alone companies, they can centralize functions like sales, marketing, finance, and other admin roles, across all of their portfolio companies. “We’re not trying to sell the businesses we acquire and don’t need VC-scale exits, so we can balance growth and profitability more sustainably,” Dumont said.

When asked why VCs don’t urge their startups to be profitable like Curious does, Dumont responded by saying: “Investors don’t care about earnings; they only care about growth. Without it, there’s no VC-scale exit, so there’s no incentive to operate with that level of profitability.”

The cash generated from Curious’ companies is then used to buy other startups, Dumont said.  

The firm plans to buy 50 to 75 startups like UserVoice over the next five years, and Dumont is certain he won’t have a shortage of targets to choose from. Curious is focused on acquiring startups that generate $1 million to $5 million in recurring revenue annually, a segment of the software market that, according to Dumont, private equity shops and secondary investors have historically ignored.

“We’ve been doing this for a little under two years now, and we’ve probably looked at at least 500 companies, and we bought five,” Dumont said.

While Bending Spoons’ big valuation hike may validate the “venture zombie” acquisition model, Dumont doesn’t expect a lot of new competition. Turning profits out of stagnation isn’t easy. “It’s a ton of work,” he said.



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Missing NBC and Bravo on Fubo? Here are your alternatives during the channel dispute

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It feels like 2025 is the year of corporate standoffs and stalemates among TV providers, with the latest being a contract dispute between streaming provider Fubo and NBCUniversal which has led to a blackout of all the latter’s networks on the service. Channels like NBC, USA Network, Telemundo, and Bravo went dark on Fubo at 5PM ET on November 21, 2025, and as of now, there’s no projected date for their return.

A message released by Fubo to their customers explains, “Fubo believes customers should have the option to choose among multiple distributors to access the content they love. Unfortunately, NBCU has offered terms regarding pricing and packaging that are egregiously above those offered to other distributors.” A statement from an NBCU spokesperson adds, “Fubo has chosen to drop NBCUniversal programming despite being offered the same terms agreed to by hundreds of other distributors. Unfortunately, this is par for the course for Fubo — they’ve dropped numerous networks in recent years at the expense of their customers, who continue to lose content.” (Fubo, for instance, cut Warner-owned channels back in 2024.)

While the companies are continuing discussions to come to an agreement, audiences might have to go without this week’s midweek NBA game, the Macy’s Thanksgiving Day Parade and Bengals vs. Ravens Thanksgiving Day game, a new episode of The Real Housewives of Salt Lake City on Bravo, and much more.

Fubo has already begun emailing customers to note that a $15 credit will be applied to their bills starting “on or after December 1.” But in the meantime, if you’re a Fubo customer and are wondering what to do, here’s everything you need to know about the Fubo-NBC blackout, which channels are missing and your options for where to watch them.

Which channels are no longer available on Fubo?

The following is a list of channels owned or operated by NBC that are not currently available on Fubo:

Local Channels:

Regional Sports Channels:

  • NBC Sports California Plus

  • NBC Sports California Plus 3

  • NBC Sports Philadelphia Plus

National Channels:

  • E! Entertainment Television

  • Million Dollar Listing Vault

  • Oxygen True Crime Archives

Why are these NBC-owned channels currently unavailable?

Per Fubo, NBC channels were pulled from the platform because of a disagreement over their long-standing content distribution agreement that has yet to be resolved.

When will the missing channels return?

There is no information available as to when NBC’s lineup of channels will return. Negotiations between the companies are ongoing.

Is Fubo offering a rebate while these channels are missing?

In a message to subscribers, Fubo stated, “If NBCU programming remains off of Fubo for an extended period, we will directly credit $15 to your Fubo account.” At least one Fubo customer on our staff received an email confirming the credit would be automatically applied in the December billing cycle.

What alternatives do viewers have in the meantime?

Looking to switch from Fubo? You’ve got plenty of options, including Peacock, DirecTV, and Hulu + Live TV. Here are some of your choices:

Watch NBC on Peacock

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For $11/month, an ad-supported Peacock subscription lets you stream live sports and events airing on NBC, including this week’s Thanksgiving Day football game, Sunday Night Football and more. Plus, you’ll get access to thousands of hours of shows and movies, including beloved sitcoms such as Parks and Recreation and The Office, every Bravo show and much more.

For $17 monthly you can upgrade to an ad-free subscription which includes live access to your local NBC affiliate (not just during designated sports and events) and the ability to download select titles to watch offline.

$10.99/month at Peacock

Get a deal on Peacock with Walmart+

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Walmart+ members get free Peacock Premium (or Paramount+ Essential) included in their membership at no additional cost. A monthly subscription to Walmart+ costs $12.99, and an annual plan usually costs $98, but right now, you can get half off an annual membership. That means you’ll pay just $49 for Peacock and perks like five free months of Apple Music, discounts on Cinemark movie theater memberships, free shipping and delivery on Walmart purchases, discounts on gas and more.

Peacock is home to all kinds of original content, from Emmy Award-winning reality series The Traitors to Poker Face and Twisted Metal. The platform has an impressive library of shows from NBC and Bravo, thousands of movies, and live sports, including the 2026 Super Bowl and Winter Olympics.

While a regular Peacock subscription is $10.99 for a Premium Plan and goes up to $16.99 for the ad-free Premium Plus plan, you get an ad-supported subscription for free if you’re a Walmart+ subscriber, not a bad deal if you’re currently going without NBC. 

$49 at Walmart+

Try DirecTV free for 5 days, and get $30 off your first month

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DirecTV — which Engadget dubbed the best cable service without a contract — offers loads of great live channels, including NBC, Bravo, MSNBC, and the rest of NBCU’s offerings, which means you can watch thousands of live sporting events, live TV and more with a regular subscription. And right now, for a limited time, you can get a $20 bill credit off your first month when you sign up, plus at least $10 more off per month for your first 24 months with a DirecTV Choice, Ultimate or Premier package — that’s over $250 in savings. You can find information on every package here

Right now you can also get a free 5-day trial to test out the platform. 

$30 off your first month at DirecTV

Try Hulu + Live TV for free

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Engadget named Hulu + Live TV as the best live TV streaming service for Disney+ or Hulu subscribers. That’s because it includes the basic (with ads) version of those services — along with ESPN Unlimited — at no extra charge. Of course, you also get a full live TV service, with access to live channels like NBC, Bravo, and more. You can sign up for Hulu + Live TV for $89.99/month for guaranteed access to all your favorite NBC shows and sports. If you’re the optimistic type and you don’t think the Fubo/NBC dispute will last long, you can also just sign up for a free 3-day trial. 

You’ll also enjoy access to unlimited DVR storage, the ability to stream on multiple devices and more. 

$89.99/month at Hulu

Other services to watch NBC

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If I switch to a different service, can I cancel or pause Fubo in the meantime?

Fubo does not allow customers to pause their subscriptions, so if you’re looking to make a change, you can cancel your plan outright.



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