Media/Telecom Entertainment

Spotify Sees Revenue Opportunity in Live Audio

Some people may think live audio platforms like Clubhouse will fade with the pandemic, but Spotfiy CEO Daniel Ek, for one, is bullish on the future of live video and what it means for his business. A few weeks ago, Spotify bought a live audio platform, Locker Room, and Ek said he sees “big potential from a revenue standpoint.” The acquisition is part of Spotify’s ambition to transition from...

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The Briefing
FTC’s Khan Accuses Big Tech of Promoting Fraud, Targets S. 230
FTC Chair Lina Khan. Photo by Bloomberg
Lina Khan ratcheted up the rhetoric against big tech on Wednesday, accusing digital platforms owned by “some of the world’s largest companies” of promoting fraud. Gee, who could the FTC chair be talking about? What she said next should make it clear, if there was any doubt: “Business models singularly focused on scale and engagement coupled with microtargeting have allowed these platforms to...
Latest Briefs
 
Didi Considers Going Private to Appease Beijing, Compensate Investors
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China Seeks to Calm Investors After Policy Triggers Market Rout
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Matt Mochary. Illustration: Mike Sullivan
Venture Capital Startups
The Coach Behind the Coinbase and Robinhood CEOs
Matt Mochary was on a high. AngelList CEO Naval Ravikant had just told the leadership consultant and former startup founder that their 90-minute session had solved a problem Ravikant had been grappling with for decades.
Amazon streaming chief Mike Hopkins. Photos: AP; MGM
Exclusive Media/Telecom Amazon
Mike Hopkins Wants to Make Amazon a Hollywood Powerhouse. MGM is Just the Start.
Mike Hopkins had barely gotten his Amazon employee badge when Prime Video, the streaming service he oversaw for the internet retailer, had a possible crisis on its hands.
Zhang Lei (left) and Neil Shen. Photos by Bloomberg; AP
Exclusive Venture Capital Asia
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Last fall, Sequoia Capital China, the Silicon Valley VC firm’s affiliate led by investor Neil Shen, pledged to invest $400 million in a new funding round for Full Truck Alliance, China’s “Uber for trucks.” Days later, Zhang Lei, the rival head of private-equity giant Hillhouse Capital Group, flew to Nanjing, met Full Truck’s CEO over dinner and arranged a $110 million investment in the same round, according to a person familiar with the matter.
Illustration by Danielle Davis.
Markets
Boxed, BuzzFeed Debt Deals Show New Financing Option for SPAC Mergers
In early March, when online retailer Boxed decided to go public through a merger with a special purpose acquisition company, it expected to raise $150 million by selling equity.
Exclusive Venture Capital Startups
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Salesforce president and chief operating officer Bret Taylor at a Salesforce conference in 2019. Photo provided by Salesforce
Enterprise Startups
Bret Taylor Faces His Biggest Test at Salesforce
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