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How Spotify's $1B+ bet on building a podcast empire has not paid off: most shows are not profitable, debates over exclusivity, cutting original shows, and more (Wall Street Journal) 05-09-2023

Wall Street Journal: How Spotify’s $1B+ bet on building a podcast empire has not paid off: most shows are not profitable, debates over exclusivity, cutting original shows, and more  —  The prospect of podcast riches led to aggressive investments in celebrity deals and original programming for what appeared a sky’s-the-limit media frontier Lees verder op Tech Meme

TikTok hires UK cybersecurity company NCC to audit its data controls and protections, and provide independent verification, as part of Project Clover (Supantha Mukherjee/Reuters) 05-09-2023

Supantha Mukherjee / Reuters: TikTok hires UK cybersecurity company NCC to audit its data controls and protections, and provide independent verification, as part of Project Clover  —  TikTok has hired British cybersecurity firm NCC (NCCG.L) to audit its data controls and protections, and provide independent verification … Lees verder op Tech Meme

Analysis: lawyers, accountants, consultants, and more have charged $700M+ in fees since 2022 in the bankruptcies of FTX, Celsius, Voyager, BlockFi, and Genesis (New York Times) 05-09-2023

New York Times: Analysis: lawyers, accountants, consultants, and more have charged $700M+ in fees since 2022 in the bankruptcies of FTX, Celsius, Voyager, BlockFi, and Genesis  —  Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX. Lees verder op Tech Meme

Sources detail a tumultuous 12 months for Sequoia: spinning off its highly profitable Chinese arm, its FTX and Twitter bets souring, and Michael Moritz leaving (George Hammond/Financial Times) 05-09-2023

George Hammond / Financial Times: Sources detail a tumultuous 12 months for Sequoia: spinning off its highly profitable Chinese arm, its FTX and Twitter bets souring, and Michael Moritz leaving  —  Silicon Valley’s premier venture firm undergoes ‘profound change’ after China splits and bets on FTX and Twitter sour Lees verder op Tech Meme

Israeli payments company ThetaRay, which uses AI to monitor financial transactions, raised $57M led by Portage, taking its total funding to $148M (Globes Online) 05-09-2023

Globes Online: Israeli payments company ThetaRay, which uses AI to monitor financial transactions, raised $57M led by Portage, taking its total funding to $148M  —  The investment will allow ThetaRay to capitalize on significant market demand as banks and fintech companies look to replace legacy tools … Lees verder op Tech Meme

Filing: SoftBank prices Arm's shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023 (Manya Saini/Reuters) 05-09-2023

Manya Saini / Reuters: Filing: SoftBank prices Arm’s shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023  —  SoftBank Group’s (9984.T) Arm is aiming to raise up to $4.87 billion in the chip designer’s U.S. initial public offering, a regulatory filing showed on Tuesday. Lees verder op Tech Meme