Spotify announced its acquisition of two podcasting companies today, and now it’s laying out the plan. Daniel Ek explains on CNBC that it wants to use companies like Gimlet and Anchor to turn the heretofore music streaming service into a large podcast platform, and it plans to spend $500 million more on acquisitions to that end. Ek likens Spotify’s plans to invest in original content to...
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Dealmaker venture capital
How Union Square Ventures Knew Venture Capital Had Peaked
Union Square Ventures managing partner Albert Wenger, 55, has been meaning to write a blog post about Tesla’s self-driving technology, he tells me about half hour into our interview at the firm’s New York headquarters last week. Sitting between two framed NFTs, he’s already covered the fall of FTX (“a setback”), the signs that venture capital had reached a top (VC firms starting “incubation...
Ex-Twitter Employees File Class Action Lawsuit Alleging Sex Discrimination
Meta Faces FTC In Court Over VR Acquisition
FTC Sues to Block Microsoft’s $69 Billion Activision Acquisition
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Microsoft Eyes ‘Super App’ to Break Apple and Google’s Hold on Mobile Search
Microsoft recently considered building a “super app” that could combine shopping, messaging, web search, news feeds and other services in a one-stop smartphone app, in what would be an ambitious move by the software giant to expand further into consumer services, according to people with direct knowledge of the discussions.