Spotify’s ad revenue jumped 110% in the second quarter, a sign that the boom in digital advertising has lifted earnings for all manner of digital ad-sellers. The music streaming service has an ad-supported tier and has made a big bet on podcasting to expand where it can sell ads. Still–at $275 million–advertising only makes up only 12% of Spotify’s overall revenue. Meanwhile, the company’s...
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Let’s Talk About Jack Dorsey
Well, it’s been a minute since Jack Dorsey has been in the news. But lest you think that Elon Musk—and Congress’s favorite punching bag, TikTok—get all the fun, today short seller Hindenburg Research sent Block’s stock down 15% with a report saying the payments company, formerly known as Square, had been inflating its user metrics by serving criminals with shady “Wild West compliance.”You can...
U.S. Prosecutors Charge Do Kwon with Fraud after Arrest in Montenegro
Mysten Labs to Buy Back Investment From FTX for $96 Million
Slack’s Sales Chief Departing Salesforce Next Month
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