Amazon wants to be in the podcasting game. The company announced today that it is going to be carrying 70,000 podcasts within its Amazon Music service, available to both the free and paid subscribers. It faces fierce competition from Spotify and Apple, which have both built far larger libraries of podcasts along with exclusive titles. Given the head start that those two have in podcasting, it’s...
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Instacart’s Bleak Second-Half Outlook: Slower Growth, Lower Profits
Instacart’s first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacart’s initial public offering this month. The low expectations could further dent Instacart’s stock price, which has still been hovering around its IPO...
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