Tech Meme

Ashley Carman / Bloomberg: Spotify reports Q2 revenue rose 11% YoY to €3.2B, Premium subscribers grew 17% YoY to 220M, MAUs rose 27% YoY to 551M, and a €112M adjusted operating loss  —  Spotify Technology SA, the Swedish audio streaming platform, beat analyst expectations in its second-quarter results … Lees verder op Tech Meme

Manish Singh / TechCrunch: Prosus says Indian edtech giant Byju’s “disregarded advice” on “strategic, operational, legal, and corporate governance”, after cutting its valuation to $5.1B  —  Prosus, one of the largest investors in Byju’s, expressed its disappointment in the edtech giant’s reporting … Lees verder op Tech Meme

Vlad Savov / Bloomberg: Elon Musk says Twitter “made sense when it was just 140 character messages” and the move “is not simply a company renaming itself, but doing the same thing”  —  – Billionaire to build fintech services atop social platform  — Discarding the Twitter name reflects loftier goals, he says Lees verder op Tech Meme

Reuters: Driven by AI demand, TSMC plans to spend nearly $2.9B to build an advanced packaging facility in northern Taiwan and says current capacity is “very tight”  —  Driven by a surge in demand for artificial intelligence, Taiwanese chip maker TSMC (2330.TW) plans to invest nearly T$90 billion … Lees verder op Tech Meme

Ashley Carman / Bloomberg: Spotify reports Q2 revenue rose 11% YoY to €3.2B, Premium subscribers grew 17% YoY to 220M, MAUs rose 27% YoY to 551M, and a €112M adjusted operating loss  —  Spotify Technology SA, the Swedish audio streaming platform, beat analyst expectations in its second-quarter results … Lees verder op Tech Meme

Todd Spangler / Variety: Netflix rolls out a My Netflix tab on iOS, superseding the Downloads tab to offer downloads, watch lists, reminders, and more; Android gets My Netflix in August  —  Netflix has rolled out a new feature designed to — what else? — get you to stream as much as possible on the service. Lees verder op Tech Meme

Juli Clover / MacRumors: Apple opens applications for Apple Vision Pro developer kits, offering developers a “loaner” to build apps alongside specialized hardware and software support  —  Apple today announced the release of Apple Vision Pro developer kits, with developers able to apply to receive a kit starting today. Lees verder op Tech Meme

Sankalp Phartiyal / Bloomberg: Xiaomi plans to focus on 5G phones and reduce its range in India, trying to claw back market share lost to Samsung and other rivals in its second biggest market  —  – India is smartphone maker’s biggest market after China  — Xiaomi has fallen to No. 4 after once dominating the market Lees verder op Tech Meme

Aisha Malik / TechCrunch: Instagram rolls out creator subscriptions in Australia, Brazil, Canada, France, Germany, Italy, Japan, Mexico, Spain, and the UK, expanding on support in the US  —  Meta announced today that it’s rolling out Instagram subscriptions to all eligible creators in Australia, Brazil, Canada … Lees verder op Tech Meme

Bloomberg: A look at the impact of AI on the $200B gaming industry as some executives push for AI adoption and say the changes, while painful, can empower smaller studios  —  – Entire sector is being reconfigured with AI taking over jobs  — Change is seen as painful, but necessary and inevitable Lees verder op Tech Meme