Xiaomi plans to focus on 5G phones and reduce its range in India, trying to claw back market share lost to Samsung and other rivals in its second biggest market (Sankalp Phartiyal/Bloomberg)

Sankalp Phartiyal / Bloomberg:
Xiaomi plans to focus on 5G phones and reduce its range in India, trying to claw back market share lost to Samsung and other rivals in its second biggest market  —  - India is smartphone maker's biggest market after China  — Xiaomi has fallen to No. 4 after once dominating the market

Instagram rolls out creator subscriptions in Australia, Brazil, Canada, France, Germany, Italy, Japan, Mexico, Spain, and the UK, expanding on support in the US (Aisha Malik/TechCrunch)

Aisha Malik / TechCrunch:
Instagram rolls out creator subscriptions in Australia, Brazil, Canada, France, Germany, Italy, Japan, Mexico, Spain, and the UK, expanding on support in the US  —  Meta announced today that it's rolling out Instagram subscriptions to all eligible creators in Australia, Brazil, Canada …

Instagram expands Subscriptions feature to more countries

Instagram is expanding its Subscription feature to 10 new countries including Canada, UK, France, Japan, and Mexico. Creators can charge a monthly fee for subscriber-only content, use story stickers and go live with their paid users. Instagram has also launched a new feature which will enable users to create Reels with templates. Users can search through various templates and sort by category, popularity and recommendation. Templates or audio saved by users will also show up. The browser can be accessed through the Reels tab or by clicking on the create button and selecting the Reel option. https://ift.tt/H5tEBY3

OneTrust, which offers enterprise privacy and data governance tools, raised $150M led by Al Gore's GIM at a $4.5B valuation, down 18% from its 2021 valuation (Lizette Chapman/Bloomberg)

Lizette Chapman / Bloomberg:
OneTrust, which offers enterprise privacy and data governance tools, raised $150M led by Al Gore's GIM at a $4.5B valuation, down 18% from its 2021 valuation  —  The privacy software startup's valuation fell to $4.5 billion as private market malaise lingers.

Spotify confirms raising US Premium to $10.99/month, up from $9.99, the first increase since its US launch in 2011; Duo rises by $2, Family and Student by $1 (Jon Porter/The Verge)

Jon Porter / The Verge:
Spotify confirms raising US Premium to $10.99/month, up from $9.99, the first increase since its US launch in 2011; Duo rises by $2, Family and Student by $1  —  After 12 years, the price of Spotify Premium is increasing in the US.  The subscription will now cost $10.99 a month, the company announced today.

A look at the Boston Fed's Project Hamilton, launched in 2020 to research how to design a US CBDC but ended in 2022 amid opposition from anti-CBDC legislators (Mike Orcutt/MIT Technology Review)

Mike Orcutt / MIT Technology Review:
A look at the Boston Fed's Project Hamilton, launched in 2020 to research how to design a US CBDC but ended in 2022 amid opposition from anti-CBDC legislators  —  Prominent politicians want to make sure a central bank digital currency never happens in the US—just as we've learned the basics of how one might work.