Microsoft’s $51.9 billion quarter: What's up, what's down and what's struggling

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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 …

An illustrated look at the bipartisan American Innovation and Choice Act's impact on US tech giants, seeking to ban self-preferencing and improve competition (Leah Nylen/Bloomberg)

Leah Nylen / Bloomberg:
An illustrated look at the bipartisan American Innovation and Choice Act's impact on US tech giants, seeking to ban self-preferencing and improve competition  —  US lawmakers are eyeing votes before November's midterm elections on legislation that marks the first major effort by Congress …

How to file your Income Tax Returns (ITR) online: Step-by-step guide

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Spotify reports Q2 revenue rose 23% YoY to €2.9B as its net loss widened to €125M; MAUs were up 19% YoY to 433M and Premium users reached to 188M, up 14% YoY (Todd Spangler/Variety)

Todd Spangler / Variety:
Spotify reports Q2 revenue rose 23% YoY to €2.9B as its net loss widened to €125M; MAUs were up 19% YoY to 433M and Premium users reached to 188M, up 14% YoY  —  Spotify turned in strong numbers for the second quarter, beating expectations for total and paid subscriber adds and reporting 23% revenue growth.

Acronis, which offers enterprise cybersecurity and data protection tools, raised $250M at a $3.5B+ valuation, up from $2.5B in May 2021 after raising $250M (Bloomberg)

Bloomberg:
Acronis, which offers enterprise cybersecurity and data protection tools, raised $250M at a $3.5B+ valuation, up from $2.5B in May 2021 after raising $250M  —  Cybersecurity provider Acronis raised $250 million in new funding from institutional investors earlier this year to expand its business …

Spotnana, which offers cloud-based enterprise tools for booking and managing travel, raised a $75M Series B, following a $34M Series A in September 2021 (Paul Sawers/TechCrunch)

Paul Sawers / TechCrunch:
Spotnana, which offers cloud-based enterprise tools for booking and managing travel, raised a $75M Series B, following a $34M Series A in September 2021  —  Spotnana, a self-proclaimed “travel-as-a-service” platform that targets corporations, travel management firms, and other technology companies …

Lawyers in the Celsius bankruptcy are examining Tether recovering an $840M USDT loan, highlighting an uncertain area of bankruptcy law for crypto companies (Kadhim Shubber/Financial Times)

Kadhim Shubber / Financial Times:
Lawyers in the Celsius bankruptcy are examining Tether recovering an $840M USDT loan, highlighting an uncertain area of bankruptcy law for crypto companies  —  Case is a major test of how US insolvency rules will apply in digital asset sector  —  Stablecoin issuer Tether faces scrutiny …

How to remove dangerous software from your Windows PC

You can run a scan to look for any harmful software if you notice that your browser's homepage, search engine, or even desktop wallpaper has changed without your intervention. Other issues could include your computer running hotter or slower than usual, as well as notifications or pop-up windows you have never seen before. https://ift.tt/ifbwTkB

How to use Instagram’s new 'dual video' feature

The dual video feature is now available for Android as well as iOS. It enables users to record content and their reactions at the same time. The feature in the Instagram camera allows you to simultaneously record with the front and back cameras of your phone to share a different viewpoint. https://ift.tt/C4KFxTv

France's Eutelsat and UK satellite internet company OneWeb agree to merge in an all-stock deal valuing OneWeb at $3.4B, in a bid to compete with SpaceX (Bloomberg)

Bloomberg:
France's Eutelsat and UK satellite internet company OneWeb agree to merge in an all-stock deal valuing OneWeb at $3.4B, in a bid to compete with SpaceX  —  Eutelsat Communications SA and OneWeb Ltd. are set to combine in an all-share deal valuing the UK satellite operator at $3.4 billion …

Amazon's purchase of One Medical is likely cheaper than unionization would be, and could be used as a tool to fight against unionization of employees (Nikhil Krishnan/Out-of-Pocket)

Nikhil Krishnan / Out-of-Pocket:
Amazon's purchase of One Medical is likely cheaper than unionization would be, and could be used as a tool to fight against unionization of employees  —  I guess I should say something? … This episode of Out-Of-Pocket is brought to you by...  Nabla creates SDKs and APIs …

UK CMA's publishes its report into music streaming services, saying the market is dominated by major players but this is not "currently causing consumers harm" (Bloomberg)

Bloomberg:
UK CMA's publishes its report into music streaming services, saying the market is dominated by major players but this is not “currently causing consumers harm”  —  The music streaming market dominated by a handful of major players is giving consumers a fair shake …

FIFA 23 is coming: 10 things you should know

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VC funding dips in India in second quarter as investors focus on cash preservation

VC investment in India dipped in the April-June quarter (Q2) as investors shifted their focus to cash preservation in anticipation of funding becoming less easy to obtain over the next few quarters, a report showed on Monday. https://ift.tt/VxKmyfb