Monthly active users have increased 10 percent year-over-year to 678 million, up from 615 million, while subscribers jumped by 12 percent to 268 million. CEO Daniel Ek says “the short term may bring some noise” amid wider economic concerns, but that the platform’s freemium model will reassure customers to stick with Spotify “even when things feel more uncertain.”
Protecting broadband access is out — fighting diversity and the free press are in.
While products shipping from Temu’s US warehouses are currently spared from import surcharges, Bloomberg found that bestselling items coming over from China are displaying taxes that greatly exceed product value — and US consumers will be paying the additional costs.
During Semafor’s World Economy Summit, Sarandos said the company still has “enormous room to grow:”
In the previous five years, we’ve doubled our revenue, we grew profits 10 times, and we grew our market cap three times. So there is a path to it, obviously, but it all is incredibly dependent on executing well.
On April 10th, a Microsoft executive stated that the company was “slowing or pausing some early-stage datacenter infrastructure projects.” Today, CNBC reports a note from Wells Fargo analysts stating that they have heard a similar story about Amazon.
The article cites industry sources saying AWS has paused some leasing discussions, holding off on new projects without canceling already signed deals.
That’s according to a release from the company about a filing with the SEC, which says:
Today, we’re sharing that Figma has confidentially submitted an S-1 with the Securities and Exchange Commission, giving us the option to go public, pending SEC review.
That’s not a... Figma of your imagination. Last year, Figma CEO Dylan Field hinted to The Verge deputy editor Alex Heath that the company was looking at going public following Adobe’s thwarted acquisition of it.
From meme stocks to bank accounts, how Robinhood is expanding its turf.
The investment firm Silver Lake will purchase 51 percent of Altera, a programmable chips company Intel acquired in 2015, for $4.46 billion.
The deal comes less than a month after Lip-Bu Tan took over as Intel’s CEO, reportedly with plans to overhaul the struggling chipmaker’s manufacturing business.
