Spotify reported 27% higher revenue for the third quarter, translating to an operating profit of 75 million euros compared with an operating loss of 40 million euros a year earlier. Driving the growth was a 75% increase in advertising-related revenue, a sign that Spotify’s expansion into podcasting is helping pay dividends. Spotify experienced little impact from the double whammy of Apple’s...
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Who Else Will FTX Founder Rescue?
Has there ever been a more aptly named entrepreneur than Sam Bankman-Fried? Not only is his FTX turning out to be a lender of last resort for crypto lenders such as BlockFi and Voyager Digital, both of which are caught up in a chain reaction of missed margin calls triggered by the crypto slide, but it could also emerge as a savior for Robinhood. That at least is according to this Bloomberg...
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