Wednesday, July 27, 2022

Spotify says it has "decided to stop further production of Car Thing units" and will take a €31M charge, citing demand and supply chain issues (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
Spotify says it has “decided to stop further production of Car Thing units” and will take a €31M charge, citing demand and supply chain issues  —  Spotify's push to complement its music streaming with a big move into podcasting and related content appears to be paying off …



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Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong debut, giving it a ~$4.6B market cap, after raising ~$727M, the latest Hong Kong AI IPO (Sangmi Cha/Bloomberg)

Sangmi Cha / Bloomberg : Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong debut, giving it a ~$4.6B market cap, after ...