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Celsius under fire, Snapchat tests paid tier, Golden State Warriors beat Celtics in NBA finals

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Notable business headlines include crypto lender Celsius under investigation for service suspension, Snapchat launching a paid tier for its users, and the Golden State Warriors winning the NBA finals.

Video Transcript

[MUSIC PLAYING]

BRAD SMITH: Welcome back, everyone. Celsius is taking heat as regulators across several states open investigations into the crypto lender's decision to suspend customer redemptions. Celsius had paused withdrawals, swaps, and transfers between accounts, citing extreme market conditions. Celsius, of course, one of many crypto related companies, suffering after crypto markets created a cratering over the past few months and weeks, actually, here. The investigations into Celsius are being pursued by regulators in Alabama, Texas, New Jersey, and Kentucky.

Social media giant Snapchat is currently testing a paid tier for a now called Snapchat Plus that gives users additional functions, like pinning a friend as your number one BFF, exclusive Snapchat icons as well. And you can see who rewatches your stories. The move comes as Snapchat tries to redefine itself in a shifting advertising landscape and in the wake of an overall tech sector downturn. Snapchat, which traditionally made most of its money through targeted advertising, has been recently forced to adapt, as platforms like Apple make a bigger push for privacy.

And a big win for the Golden State Warriors, or the Oakland Warriors, or the San Francisco Warriors. Well, the Warriors won. They won the NBA Finals. They beat the Boston Celtics 103 to 90 on Thursday, clinching their fourth title in eight seasons. Steph Curry helping wear down the Celtics and snagging his own place in NBA history with the Finals MVP in the process. I know Sozz would say, ball in!

BRIAN SOZZI: Yes, that's exactly what I would say. Thanks, Brad.