Media/Telecom

Spotify Acquires Live Sports Talk App

Spotify is jumping into the live audio business, acquiring Locker Room, an app where sports fans chat about games and sports news. Live audio has become increasingly popular over the past few months with apps like Clubhouse gaining millions of users. And to some level it makes sense for Spotify, which paid about $50 million for the app and its creator, to test the waters with live audio given its...

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As FTC Shifts Priorities Under Khan, Collusion Probe of Hyatt, Hilton Goes on Ice
FTC Chair Lina Khan. Photo by Bloomberg
As Federal Trade Commission antitrust lawyers try to police vast swaths of the economy with limited resources, they’re making trade-offs. The FTC earlier this year stepped up a long-running investigation into whether a group of major hotels including Hyatt, Hilton and Marriott hurt customers by colluding to stop competing for ad space in Google Search results, according to people familiar...
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Joe Lonsdale in 2017. Photo: Bloomberg
Exclusive Venture Capital Startups
Tiger Global to Invest in Joe Lonsdale’s Newest Fintech Venture
Joe Lonsdale, the former PayPal intern who co-founded big-data analytics business Palantir and wealth management platform Addepar, is raising capital for a new company to help financial advisers make private market investments.
Redbird's Gerry Cardinale next to a statute of the Incredible Hulk. Photo by Bloomberg
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Sports Media Investor RedBird Capital Is In Talks to Invest in LeBron James’ SpringHill
RedBird Capital Partners, an investment firm specializing in sports media, is in advanced talks to buy a minority stake in NBA superstar LeBron James’ entertainment firm, SpringHill Company, according to people familiar with the matter.
Didi Global's offices in Hangzhou, China. Photo by Bloomberg
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Could Didi List in Hong Kong to Stop Bleeding for Shareholders?
Could the path to relief for Didi Global’s beleaguered shareholders run through Hong Kong? It’s a pressing question as Full Truck Alliance, a U.S.-listed Chinese commercial freight company, which like Didi is under cybersecurity investigation by Chinese authorities, explores with bankers the possibility of listing its shares in Hong Kong, according to two people familiar with the matter.
Photo by Bloomberg
Apple Semiconductors
Apple Poised to Gain More Market Share Amid Chip Crunch, New Survey Shows
As Apple prepares to release the latest generation of its iPhone this fall, it is starting to feel the pinch Android makers have been feeling for months from the global chip shortage.
DoorDash CEO Tony Xu talking at a conference in 2019. Photo by Bloomberg.
The Briefing Facebook Uber/Lyft
DoorDash Passes Uber in Market Cap—And What That Means
DoorDash shares today hit their highest level since the company went public last December. At $221.50, DoorDash shares are worth more than double the IPO price, valuing the company at $74.8 billion in market cap.
Rhett McLaughlin and Link Neal. Photo: Mythical Entertainment Illustration: Mike Sullivan
Creator Economy Startups
Jellysmack Hires MTV Ex-Exec; Q&A With Rhett & Link; Discord’s Pre-Public Moves
The explosion of interest in the creator sector has shown up in job listings data. In the past three years, job opportunities with the word creator in the title or description have soared 4,645 times, to 92,900 positions, according to data firm Thinknum .