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 — 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 — 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 — Case is a major test of how US insolvency rules will apply in digital asset sector — Stablecoin issuer Tether faces scrutiny …
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 — 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” — The music streaming market dominated by a handful of major players is giving consumers a fair shake …
New Zealand's internet safety group Netsafe says Meta, Google, Amazon, TikTok, and Twitter have agreed to self-regulate to reduce harmful content in the country — Big tech companies agreed on Monday to reduce harmful online content in New Zealand, making a move that critics said dodged the alternative of government regulation.
How Apple, Amazon, and Google are trying to secure live sports streaming rights, working to convince leagues to switch from traditional TV and cable networks — Competing for rights to broadcast games from the N.F.L. and other leagues could be hard for broadcast and cable companies that “aren't playing by the same financial rules.”
Stefanno Sulaiman / Reuters : SpaceX launches Starlink in Indonesia to improve internet access in remote parts of the country, starting w...
