Spotify reported a healthy rise in paying subscribers on Monday, and strong growth in its podcasting business. Meanwhile, CFO Barry McCarthy, who played a key role in taking the company public with a direct listing instead of a traditional initial public offering, is retiring. Spotify said its premium subscribers totaled 113 million, up 31% from the year earlier period, and that it had 248...
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Musk’s Counterproductive Moves
What a time to be a tech business reporter! Even as Sam Bankman-Fried’s fraud trial gets underway, our scoop yesterday about AI startup Anthropic’s rising valuation suggests that the disgraced FTX founder may have scored at least one home run with his Anthropic investment. Yes, that’s right: The fast-evolving story about AI startups has converged with the SBF drama. The big question is how much...
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