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Snap Bets on Ads, AR to Counter Competition

Snap Inc. CEO Evan Spiegel is striving to boost morale amidst a challenging year for the company, which has seen its stock price plummet by nearly 50%. In an internal letter obtained by Bloomberg, Spiegel reassured employees that Snap is on track for record annual revenue and remains committed to

ByteDance Seeks Record $9.5 Billion Loan

ByteDance, the Chinese tech giant behind TikTok, is seeking a massive $9.5 billion loan, aiming to secure the largest dollar-denominated corporate facility ever seen in Asia, excluding Japan. This news comes from separate reports by Reuters and Bloomberg. Citigroup, Goldman Sachs, and JPMorgan are reportedly coordinating the loan, structured

Squarespace Buyout Battle, SoftBank's AI Chip Hunt, and FTC's Google Scrutiny

Cloud & Infra | AI | Consumer | Venture WEDNESDAY, AUGUST 14, 2024 Cloud & Infra Squarespace Investor Opposes $6.9 Billion Buyout Deal Glazer Capital, a shareholder in Squarespace Inc., has publicly opposed the website builder's proposed $6.9 billion acquisition by Permira. Glazer, which claims to control 5.4%

Uber's Drizly Decision, Canva's Share Sale, and the AI Race Heats Up

Good morning, here’s your weekly dose of what happened in the software and e-commerce space last week:  Uber axes Drizly: The alcohol delivery service that fueled countless home happy hours during the pandemic, is calling it quits. Uber, which acquired Drizly in 2021 for $1.1 billion, decided that
Uber's Drizly Decision, Canva's Share Sale, and the AI Race Heats Up

Netflix: A Content Arms Race For The Belt-Tightening Era

In this article, we will do a deep dive on Netflix. If you like this article and would like to receive insights on tech companies in your inbox, please consider subscribing to our newsletter. Marc Randolph, the co-founder of Netflix called his memoir “That Will Never Work”. The title was

Spotify: Product, Business Model, Competitors

In this article, we will look at Spotify by unpacking its trajectory, its go-to-market strategy, and key financial metrics. We will also look at the competitive landscape, the company’s major acquisitions and what could be next for this popular streaming service.