Tech Earnings Report: AI Investment Strategies and Trends Introduction It was a big week for tech earnings, with Microsoft, Meta, Alphabet, Amazon, and Apple all reporting over the past few days. Artificial intelligence was a prominent focus in their discussions. Investing in AI at Scale Executives emphasized the need to invest in AI to drive…
Department of Justice Preparing Antitrust Case Against Apple Overview The Department of Justice (DOJ) is reportedly gearing up to file an antitrust case against Apple as early as March, pending approval from senior officials within the DOJ’s antitrust division, according to Bloomberg. Case Details DOJ attorneys have had three meetings with Apple’s legal team to…
Google and Match Group Reach Settlement in Antitrust Battle Google and Match announced today they’ve reached a settlement in the antitrust battle Match waged against the tech giant, even as the court case continues with Fortnite maker Epic Games. As part of the settlement agreement, Match Group — which owns dating apps Tinder, Hinge, OKCupid,…
TikTok and DistroKid Team Up to Empower Independent Artists Thanks to a new agreement between TikTok and music distribution service DistroKid, millions of independent artists will now be able to promote their music on TikTok Music, the recently launched subscription-based music streaming service. Expanding Reach for Independent Artists Having a presence on TikTok Music and…
TikTok and DistroKid Team Up to Empower Independent Artists Thanks to a new agreement between TikTok and music distribution service DistroKid, millions of independent artists will now be able to promote their music on TikTok Music, the recently launched subscription-based music streaming service. Expanding Reach for Independent Artists Having a presence on TikTok Music and…
Spotify Launches Dedicated In-App Merch Hub Find personalized merch recommendations based on your listening habits Spotify is launching a dedicated in-app Merch Hub that provides personalized merch recommendations based on your listening habits, the company announced on Monday. Previously, you could purchase artist merch from individual artist profiles, the Now Playing view, and release pages….
Fave: Connecting Superfans with Music Artists Fave, the app for superfans to connect with like-minded music lovers and obsess over their favorite artists, secured $2 million in an ongoing round, the company exclusively told AsumeTech. Fave previously raised $2.2 million, which AsumeTech covered in 2021. The company’s current valuation is $15 million. Connecting Music Lovers…
Spotify Restricts Features for Free Tier Users in India Spotify is restricting features for the free tier users in India in an attempt to garner more paid users in the country. These limits, coming years after the streaming service was launched in India in 2019, will not let users play songs in a manual order…
Monday’s Biggest Calls on Wall Street Wells Fargo: Reiterates Meta as Overweight Wells Fargo maintained its overweight rating on Meta and lowered its price target to $372 per share from $389. The company believes Meta’s improved cost discipline and capital allocation warrant a modest premium. They are confident in the stock ahead of earnings later…
Spotify Unveils Free Audiobooks for Premium Subscribers New Service to Launch in the U.K. and Australia, Coming Soon to the U.S. Spotify, the popular music streaming platform, is expanding its reach into the world of audiobooks. At an event hosted in its New York offices on Tuesday afternoon, the company announced a new business model…
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