The biggest update Mogul has ever had. START FROM NOTHING: Career Mode A whole new way to start. Take a job, work shifts, cover the rent and earn your first company the hard way. Or skip it and open a business right away, both ways get you to the full game. EIGHT NEW BUSINESSES Start small and work your way up: • Food Truck: pick your cuisine, chase the good pitch, watch the queue build • Market Stall: stock, weather, and a pitch you build up plank by plank • Contractor Van: quote the job, book the diary, keep the client happy • Bed & Breakfast: run the house, then grow it into a hotel or sell up • Motel: sells tonight, to strangers, at whatever price you set • Equipment Rental: a yard of kit that comes back worse than it left • Micro-Lending Desk: lend small, chase repayments, price the risk • Bookkeeping: the least glamorous money in the game and the steadiest YOUR OWN SPACE COMPANY Build rockets, win launch contracts and fly them yourself, every launch is a bet you watch play out. Land your boosters and fly them again, refurbish them when they wear out, and build an orbital internet constellation that pays you every day whether you launch or not. THE WEBSITE BUILDER A full software business. Design the product, ship features, host it, price it and grow the users who pay for it. INVESTING • Leverage and short selling, bet either way, with stop loss, take profit and margin calls • Leveraged positions now sit in your portfolio next to everything else • Clearer charts, tooltips and totals in your own currency RUNNING THE EMPIRE • Two save slots, so you can keep two completely separate games on one device • Board of directors: seats that cut wages, lift income or lower premiums • Investors, funding rounds and a cap table • Wire transfers between players • Cloud backup, with a save health screen that tells you the truth PLAYED IN YOUR LANGUAGE Now fully translated into German, Japanese, Spanish, French, Arabic, Polish, Hindi, Brazilian Portuguese, Russian, Turkish and Simplified Chinese, including right to left layout for Arabic. FIXES AND POLISH • Saves are much harder to lose: safer writes, multiple backups, and recovery that actually explains itself • Offline earnings, day skips and business income now match the rates shown on screen • Dozens of business screens redesigned, and hundreds of smaller fixes across tax, contracts, ads, purchases and the market Thank you for playing. Keep the reports coming, a lot of this update came straight from them

Mogul 1.2.0 — What's New NEW COMPANIES - 20 new IPOs — from sleepy parcel giants to moonshot startups (lunar mining, brain-computer wearables, pet cloning). Watch Upcoming IPOs. - 16 new market stocks with logo art: gaming (Zony, Electric Arts, Take Ten), the auto giants (Ferd, Volks-Wagon, Byde & more), plus agriculture, hotels, crypto miners and startups — every business type now has real merge targets on the market. - Market filters: every sector, A-Z, exact matching. PERFORMANCE - Market and Mergers & Acquisitions rebuilt to redraw only what changes — less battery drain and heat on long sessions (thanks to the player who sent the CPU reports!). - Cloud backups are ~20x smaller: faster saves, faster restores. ACCOUNT SAFETY - Recover your empire with just your Recovery Key — the transfer code is now optional. Find your key in Wire Transfer → Cloud Vault and save it somewhere safe! FAIR PLAY & FIXES - Fixed an exploit that let majority owners mint cash with special dividends (leaderboards get a fresh start). - Fixed stock buying breaking for ultra-rich empires. - Fixed the offline 2x reward button getting stuck loading. - Restaurant sale valuations rebalanced in line with other businesses. - Sports teams across the game got fresh new identities. If you owned one of the old collectible teams, its full sale price has been refunded to your cash. Keep building!

Minor Fixes

What's New The biggest Mogul update yet — all six Mega Mergers, online play, a full visual overhaul, and a smarter market. SIX MEGA MERGER BUSINESSES — ALL LIVE Merge two businesses into a powerful hybrid: - Real Estate Empire, Franchise Conglomerate, Retail Network, Investment Bank, Tech Giant, and Streaming Platform - Hire a full org chart — CEOs, engineers, bankers, drivers, lawyers and more, each with a real effect. Bulk-hire +10/+100/+1K/Max, sorted by stage. - Permanent upgrades boost income, speed builds and add capacity; business insurance softens bad events. - Mergers keep progressing while you're away. REAL ESTATE EMPIRE Develop several properties at once, fast-track any build with a watch-ad, and watch rent scale with each property's value. The Land Bank upgrade adds both slots and build crews. INVESTMENT BANK Underwrite REAL upcoming IPOs — they appear in the market with a "Your Bank" badge and pay out based on how the stock actually debuts. New "Raise Capital" button injects equity to lift your Capital Adequacy Ratio and avoid lending freezes. TECH GIANT Chip clients tiered by stage — small clients early, giants later. Longer, richer B2B contracts, no duplicate clients, deeper chip R&D, and silicon progress bars. STREAMING PLATFORM Merge a Record Label + Tech Platform. Grow subscribers across 5 stages, pick a pricing tier (Ads/Standard/Premium), produce Originals, and license your catalog. FRANCHISE CONGLOMERATE Merge Restaurant + Shop. Set your royalty rate, launch brand concepts, run campaigns, and earn a fee on every signing. FORMULA RACING Skip car R&D with a watch-ad. Real drivers now stay across seasons, switch teams in a proper driver market, and retire with age. A SMARTER MARKET - New portfolio dashboard with live profit/loss and account performance. - Redesigned "Your Companies," asset pages, Buy/Sell sheet, Price Alerts, Earnings Calendar, IPO and Forex screens. - Companies now split their stock when the price climbs too high — no more absurd multi-million-dollar shares. - Corrected stock stats: 1-Day/24H high-low, 52-week range, all-time high, and 7-day change. GO ONLINE - Personal transfer code to wire cash to friends instantly. - Online Wealthy List ranks players worldwide by net worth. - Cloud Saves back up your whole empire. A FRESH LOOK All 20 businesses now have their own brand color and a refreshed, consistent design — from the bank's vault green to the semiconductor cleanroom teal. Your profile shows your wealth rank and live income-per-second, with a display-currency selector (USD, GBP, EUR, JPY and more). The premium store got a glossier look. EVENTS, ECONOMY & BALANCE - 12 new pop-up events (surprise inspections, big-spender clients, awards, security scares and more) — and events appear less often overall. - A 2× profit boost now helps a struggling business — it halves the loss instead of ignoring it, and lasts anywhere from 15 minutes to 5 hours. - Event payouts now scale to each business's size. - Retail Network rebalanced — cheaper hubs, higher throughput, bulk truck buying, fairer valuations. - Investment Bank income tuned so the top stages stay realistic. SAVINGS & 401K Daily interest now compounds into your account balance, and you can withdraw from your 401k anytime. LUXURY New aircraft, boats, real estate, icons and crypto logos, plus a redesigned premium watch display case. STABILITY & PERFORMANCE - Fixed crashes and freezes on the Market screen. - New Low Performance Mode keeps the game smooth and light on older devices. MORE FIXES - Fixed inflated Crypto Mining staff salaries and active-event countdown timers. - Fixed a Real Estate stage deadlock. - Wire transfers now show the amount credited; Buy Cash no longer freezes after a purchase. - Fixed portfolio % change stuck at +0.00%, negative changes showing green, and overly long share counts. Thanks for playing — keep building your empire!

What's New Mergers & Acquisitions — Reimagined Buying out a rival is now a full negotiation: set your offer price, pick a deal structure (Cash, Cash + Stock, Debt-Financed, or Hostile), and watch the acceptance odds shift in real time Run due diligence to uncover hidden liabilities before you buy — or skip it and gamble Review strategic fit and choose an integration plan (Keep Independent, Merge Operations, Replace Management, or Cut Costs), each with its own risk and reward IPO company founders can now be bought out too, not just the Wealthy 200 Merge IPO companies into your businesses — any listed company now folds into a matching business Merged companies now show up in your business overview with exactly how much they pay you per day Company logos now appear next to CEOs who own a business New Business Net Worth Card Redesigned quarterly performance card with growth trends, best-quarter tracking, and all-time highs Browse past in-game years with the new year filter Fully theme-aware — matches whichever theme you're using Balance & Fairness Fairer taxes — your bill now matches the advertised rates on income you actually earn Fixed property rental income paying out twice Realistic company valuations across all businesses Business profit figures now match everywhere — tier cards, overview, and inside each business Merged subsidiaries now count toward business valuations, sale payouts, and investor offers Bio Pharma and Mining Operation upgrades now use a timer, like every other business Fewer random events and private investor offers Markets Fixed 1M / 3M / MAX charts showing flat lines with sudden jumps — real price history now records every day Newly listed IPOs start fresh on the 1D chart Day skips now properly advance the market Leveraged positions liquidate correctly when margin runs out Fixes & Polish Private investment offer now shows your own shares and shares after selling When a hostile takeover is taking place you now have three ways to respond New IPO screen New "Your listed company" screen New R&D screen in the Bio Pharma Business New Hotel location screen New cinematic intro video on launch Fixed a freeze when buying out a rival M&A net worth figures now match the Wealthy List Boost button locks while a Starter/Pro/Premium pack boost is active Fixed text overlapping the buyout button Fixed the close button hiding under the status bar Fixed oversized numbers running off the net worth card Offline earnings now respect tax freezes and staff strikes Numerous day-skip and offline-earning corrections

Mogul — What's New Buy Cash & Store Overhaul New "Buy Cash" packs (Pocket Money → Mogul Reserve) to top up your balance instantly. Redesigned store: Bundles, Buy Cash, and Starter Packs now open their own focused screens. 100 new one-time redeem codes for cash drops (from $100K all the way to $100B). Sports Empire — Bigger & Better Leagues rebranded: WBA (basketball), WFL (football), and Formula Racing (FR). Brand-new "Buy a Team" screen — pick your franchise with hero art, stats, prestige, and entry price. Every WFL team now has its own logo. Season Schedule card: see exactly when the next season starts, when playoffs begin, and (for Formula Racing) your next race and season finale. The whole Sports business now follows your app theme, including the NFL/WFL finance, roster, market, and stadium screens. Helicopter Tours Launching a tour company now auto-hires a starter pilot and basic insurance, so you earn from day one. UI rebuilt to match your other businesses (staff, insurance, upgrades, stats). Mergers & Acquisitions — Redesigned Fresh M&A launcher card and a completely new acquisitions screen: browse rival billionaires, see their net worth, reward, and buyout price, and watch your projected new daily income. Every billionaire now shows a realistic ownership stake in their company. Fixed the ▲▼ rank-change arrows on the Wealth List so they show each person's real movement. Luxury Estates & Caretaker Redesigned Luxury Estates and Estate & Fleet Caretaker cards with a new gold look and background art. Card artwork fades cleanly into whatever theme you're using. Full Caretaker management screen. Business Improvements "Businesses Net Worth" card now tracks the combined valuation of all your businesses, with YoY (or YTD) growth and a per-month cash-flow figure. Sports Empire and Helicopter Tours now show their value and update your cash smoothly like every other business. Business Ownership panel added to Settings — see your stake in every company. Bumped up Property Flip profits. Bug Fixes & Balance Preview artists music before signing them to your record label. IPOs: fixed being unable to sell shares right after listing, buys that silently failed, and net worth dropping when you subscribed to a pre-listing IPO. Fixed achievement notifications replaying every time you reopened the app. Business specialization boosts now correctly and consistently add income across all businesses. Per-business profit figures now match what you actually earn. Reset now brings back the "choose your path" screen instantly. Fixed the hedge fund vanishing from net worth and a rare hedge-fund crash. Fixed hotel action buttons corrupting your cash. Fixed a market-list layout glitch where REIT/ETF charts overlapped the dividend %. Numerous theme, performance, and stability fixes throughout. Thanks for playing — keep building your empire!

v1.1.5 — Empires, Estates & Polish NEW: ICELAND COMES TO THE MAP • All estates and fleets can now be looked after by a new Caretaker: hire one and your cars, jets, yachts and properties stop decaying and never break down (for a small daily fee). NEW: IN-GAME HELP & GUIDE • A full Help & Guide is built into the Profile tab — 13 topics covering tapping, businesses, IPOs, the market, crypto/ETFs/REITs, the bank, taxes, the economy, M&A, and pro tips. NEW: PERFORMANCE, BATTERY & SMOOTHNESS • Squashed the periodic freeze/stutter — gameplay is smooth now. • Big optimizations under the hood: the game runs cooler and saves battery. • Your big businesses (Tech, Mining, Semiconductor, Bank) now pay out on one streamlined, efficient cycle. • Your Cash and Net Worth now climb smoothly in real time, in sync — no more jumping in steps. NEW: PLAY ABROAD, PAY LOCAL • The stock market now shows prices and trades in your local currency, not just dollars. SMARTER IPOs & EMPIRE • "Ready to Go Public" card + a clear IPO button telling you exactly what each company still needs to list. • Empire Valuation now has a description, and its "per day" figure matches your Combined Business P&L exactly. • Mega IPOs priced: SpaceZ ($135), Anthripic ($96.50), ClosedAI ($200). BIG BUSINESS OVERHAUL • Semiconductor: exact deal revenue, 3 deals in Stage 1, timed stage expansions (skip half the wait), requires Global Offices. New hireable Deal Negotiation Desk staff ($6,000/day, up to 3). Customer logos show on deal screens, the process-node race is tougher, and deal names no longer show internal codes. • Mining Operation: deal caps 3 / 5 / 7 by tier; Tier 3 profit balanced instead of runaway billions/day. • Tech Platform: growth and income grounded to realistic scale. • Vending: long-term contracts now correctly show your boosted profit estimate. • The "skip upgrade" cooldown is now per-business — speeding up one company no longer blocks skipping another. • "Stats" renamed to "Overview" everywhere; cluttered per-day strips cleaned up. GO PUBLIC — A REAL IPO SYSTEM • Hire an investment bank to underwrite your listing — Boutique (70% success), Major (90%), or Elite (98%). A weak offering can be pulled, so choose wisely. • IPO valuation = your annual earnings x a real industry multiple (Tech 15x, BioPharma 20x, Bank 8x…). • Choose how much to sell (10–30%), keep the rest. Realistic share prices — no more million-dollar shares. • A business must be worth $1B and earn $200M/year before it can list. PRIVATE INVESTORS • While private, investors may offer to buy 1–40% of your company for cash — grow faster, but give up equity before you go public. LIFE AS A PUBLIC COMPANY • Dividend policy: Growth (0%), Income (20%), or Mature (50%). • Sell more shares later with secondary offerings. • Drop below 50% and face hostile takeovers — buy back shares to defend control, or take the company private. MINING OPERATION — MULTIPLE MINES • Open Copper, Iron, Gold, Lithium & Coal mines, each tracking its own commodity price. • A Cave-In or strike now shuts down only ONE mine, not the whole operation. ECONOMY & BALANCE • Tech Platform income rebalanced to realistic scale. Crypto Mining cheaper to start & upgrade. Vending needs far fewer staff. Auto-staff can be toggled ON/OFF. MAJOR FIXES • Fixed a Market-tab crash and a bug that removed stock without paying you back. • Fixed freezes when leaving a business screen, tapping popups, or skipping days. • Fixed business income not updating your cash — now credits smoothly. • Fixed the downturn popup repeating on every day-skip. • Business profit now matches everywhere — headline, P&L, and real cash. • Fixed "Going Viral" and other event popups that could trap you when low on cash; events appear less often. • Expired vending contracts can be re-signed. • Crypto, ETFs, REITs & commodities now show in Portfolio → Investments; ETFs added to Search. Thanks for playing — go build your empire!

LUXURY ESTATES — A NEW ENDGAME • Private Island Resorts — turn any private island into a resort empire. Build through 4 stages (Eco Retreat → Mega Resort), hire staff across 8 roles, add 14 amenities, and ride out seasonal demand and surprise events for a serious daily income. • Real Estate Flip Pipeline — own US property to unlock house-flipping. Buy distressed homes, pick a renovation tier, then list and sell for profit. Own more US real estate to run more flips at once. • Classic Car Auction House — collect 5+ cars to unlock monthly auctions. Bid against AI collectors, consign your own cars, and hunt 5 ultra-rare auction-only legends you can't buy anywhere else. A LIVING STOCK MARKET • Real-world prices — new games launch at live market prices for 80+ real companies, then simulate forward. • Accurate market caps that reflect real shares outstanding — the trillion-dollar giants finally look the part. • S&P 500 index funds that track the real index and move together. • 21 industry filters (up from 6) — Tech, Chips, Banking, Energy, Defense, Aerospace and more. • New listings (Microson, Bluewire, Rocket Space) and a tighter, curated market. VISUAL POLISH • Beautiful new hand-illustrated artwork for 15 vehicles. • Company logos everywhere — earnings calendar, top movers, AI picks, your portfolio, and every market list. BALANCE & FIXES • Portfolio logos no longer flicker. • Delisted stocks now clear out properly. • Logos no longer disappear when viewing all ETFs, REITs & Commodities. • Smoother, more reliable market data with graceful offline handling.

NEW FEATURES • Daily Login Streak — come back each day for escalating cash rewards, with a bonus tap boost every 7 days. • Supply-Chain Synergies — own linked businesses (e.g. Semiconductor + Tech, Bank + Hedge Fund) to unlock permanent empire-wide income bonuses. Diversifying now pays off. • Interactive Business Events — random opportunities and crises hit your businesses with real choices: sponsor a celebrity, weather an equipment failure, ride a viral moment, and more. • Recession Gameplay — when a downturn strikes, decide how to respond: cut costs for fast cash, invest counter-cyclically for the rebound, or ride it out. • Operations Staff (Automation) — hire a Floor Manager to auto-tap, a Chief Accountant to auto-pay your taxes, and a Treasurer to earn yield on idle cash. • Difficulty Modes — choose Normal or Hard (Hard cuts income and turns on bankruptcy for a real challenge). • Wealth Ladder — a full net-worth milestone track on your Profile showing your next goal, progress, and rewards. • First-Time Tutorial — a quick welcome walkthrough for new tycoons. • Double Your Offline Earnings — option to instantly double the cash your empire made while you were away. BALANCE & REALISM • Realistic staffing requirements — you now need a believable workforce to scale a business up a stage (a global supermarket needs hundreds of thousands of staff, not a handful). • Rebalanced the overall economy so wealth grows at a more satisfying pace. • Tuned shop/supermarket valuations. POLISH • Added haptic feedback on milestones, upgrades, and key moments. • Cleaner pop-ups — rewards and events now appear one at a time. • Profile, business, and ladder UI refinements. • Added a Remove Ads option and other store options. BUG FIXES • Fixed a rare freeze where the screen could become unresponsive right after opening the app. • Your offline-earnings reward no longer appears before the loading screen finishes. • Fixed net worth ballooning incorrectly after taking a business public (IPO). • Fixed an impossible user count on the Tech Platform business. • Fixed The Wealthy 200 showing false rank changes on a new game. • Reliability improvements for in-app purchases and ads.

Minor Fixes

What's New: New Tier 4 businesses: Semiconductor Bank Mining New Cleaner Net Worth Chart New Stock Market look New Real Estate Locations 15 New Vehicles 6 New Watches Watch box where you can place your 3 favorite watches New Islands in Luxury Tab Crypto Mining: Owned GPUs are now grouped by hardware type so you no longer scroll through dozens of individual cards. Each group shows total hashrate, daily profit/loss, average condition, and unit count. Crypto Mining: You can now choose how many units to sell when offloading hardware. Use the - / + stepper to pick a quantity and see the exact payout before confirming. Crypto Mining has moved to Tier 2, alongside Construction, Record Label, and Hotel. Record Label upgrades are now more accessible. Upgrading to Mid-Size Label requires $10M (down from $30M). Upgrading to Major Label requires $50M (down from $300M). Bug fixes and performance improvements.

• Net worth chart fix — the chart no longer spikes downward when you return to the game after being offline. It now flows smoothly into the current value, just like the stock and crypto charts. • Live market data refresh — updated real-world prices across all 73 stocks, 40 cryptocurrencies, ETFs, REITs, commodities, and forex pairs to reflect current May 2026 market values. • Forex market improvements — currency exchange rates now update correctly from live market data, giving you accurate P&L on your forex positions. • Bug fixes and performance improvements

• Rewarded ads now play real videos for skip-time and tap boosts. • Fixed a save bug affecting shop, restaurant, and hotel seasons. • Luxury asset monthly and quarterly events now fire on time. • Build version shown at the bottom of Settings.

Button now lives in the KPI header of every business modal Boosted profit shows correctly across all modals Fixed a bug that was doubling losses when the boost was active Tax system overhaul Rebalanced tax rates across tier income, dividends, and real estate New filing methods unlock by net worth: Honest, Creative Accounting, Offshore Shell Filing-method choice only affects business-tier tax (not dividends or real estate) Creative Accounting: 50% off business tax, 5% audit chance per cycle (back tax × 3 if caught) Offshore Shell: 100% off business tax, 12% audit chance per cycle (back tax × 4 if caught) Tax bill is now prorated — pay early and you only pay what's accrued so far in the cycle Total tax is capped at your liquid wealth so the bill can never exceed what you can pay "Estimated Tax Bill" preview matches what Pay Now actually charges, down to the dollar Pay buttons stay tappable even when cash is short (warns you it'll sell assets) Wealth Tax row labeled clearly when capping is active Banner shows the live current bill, not a stale snapshot Crash fixed when unlocking Creative Accounting / Offshore Shell Tax rate display in the modal summary corrected Polish & fixes Net worth chart no longer overlaps lines Removed leftover ad-debug popups Bugatti Chiron image swapped for one that loads instantly Modal layouts no longer overflow on small screens Floating toast notifications hidden when on the Earn tab Construction job advance no longer crashes when skipping days

Vending Machines fix — Daily revenue now scales to how many machines are actually being serviced (by drivers + your own self-service), instead of how many you've placed. No more parking 100 machines with zero drivers and earning the full stage cap. (Result: high-coverage operations earn the same; under-staffed operations earn proportionally less.) Crypto Mining balance — Tier-3 industrial ASICs (BTC Antminer S19/S21 Pro, Kaspa KS3, Hydrocooled Rack) are now capped at 10 units total to prevent late-game runaway. Tier-1 and Tier-2 hardware are unchanged. Bulk-hire UI fix — The 10 / 100 / 1K / MAX preset chips on staff role cards now fit on all phone widths (no more 1000 button getting cut off).

• Fixed net worth chart spike when returning from offline • Tech businesses can now go public again (IPO bug fix) • Rebalanced shop revenue, IPO tiers, and stock purchase limits • Construction & tech business cleanup • Ad system stability fixes • Misc. quality-of-life improvements

What's New in this Update • Make it Home — Set any property as your residence and feel the realities of homeownership: property tax, service charges, and 22 brand-new events from celebrity neighbors and gentrification to burst pipes and sinkholes. • Hedge Fund Deposits — Move capital in and out of your fund anytime. • Smarter Tax System — Reworked income brackets plus a new progressive wealth tax. • Cleaner Vending Empire — Machines now group by location with collapsible cards. • Mining Fix — No more selling Bitcoin for $0. • Earnings Catch-up — Quarterly reports now play in proper Q1→Q2→Q3 order even after long absences. • Your IPO'd companies now appear in the stock market — search, chart, and trade them like any other stock. • New stock split feature (2:1 / 3:1 / 5:1 / 10:1) for your listed companies. • New stock buyback panel — repurchase public shares to push your share price up. • Fixed Wealthy 200 rank arrows showing bogus movement on a new game. • Net Worth chart now auto-switches to log scale for huge wealth swings. • Various Tech Platform, Pharma Ops, and Hedge Fund balance fixes. Plus dozens of balance tweaks, performance improvements, and quality-of-life fixes!

Redesigned charts — Net Worth and asset price charts now show price/time axes with clean labels (24h, 90d, All Time). Smarter tooltips — Drag your finger across any chart and the price label now jumps to the opposite side, so your hand never covers the number. In-game time on Earnings — Quarterly earnings now display your in-game year (e.g. "Q3 Y40") instead of the real-world date. Fresh tier visuals — Starter, Mid-Scale, and Mega tiers now have custom hero artwork on both the business list and the "Start a Business" picker. Stability & polish — Behind-the-scenes fixes for smoother gameplay.

• Premium themes bundle — 4 luxury color schemes to customize your empire • Polished icon and refreshed App Store screenshots • Smoother purchase flow and restore-purchases support • Bug fixes and performance improvements