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Tag Archives: Editor’s Choice

Spotify Buys SoundBetter Music-Production Marketplace for an Undisclosed Amount

On September 12, Spotify announced that it has acquired SoundBetter Music-Production Marketplace. Through that acquisition, the company has increased its suite of tools for music artists aiming to diversify itself. The company seeks to invest away from the model founded on paying music streaming royalties to labels.SoundBetter, founded in 2012, is a Brooklyn-based audio production that also doubles up as a collaboration marketplace. It caters to mixing engineers, mastering engineers,...

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Voyage Pulls in $31 Million Funding Aimed at Deploying More Self-Driving Taxis

Photo: ShutterstockVoyage, a startup in the business of autonomous vehicles has just announced that it successfully raised $31 million in a recently concluded series B funding round. The round was led by Franklin Templeton but with other players like Chevron Technology Ventures, Khosla Ventures and Jaguar Land Rover’s InMotion Ventures were also in participation.Voyage was birthed out of education start-up Udacity, based in Silicon Valley back in 2017. The company quickly joined the long...

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Peloton Plots IPO With the Stock That Could Be Worth $8 Billion

Photo: Peloton / TwitterMaker of stationary bikes Peloton finally revealed some more info of the company’s plan to go public. The fitness startup famous for their on-demand workout programs on exercise bikes, announced they are planning to raise $1.33 billion in an initial public offering (IPO).Peloton filed to become a public company in August and now, according to a Securities and Exchange Commission filing, they plan to offer 46 million shares at a price range between $26 and $29 per...

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Google Express to Close Down and Merge with Google Shopping

As part of an email sent to customers recently, Google has now announced that it will be closing down its online shopping platform, Google Express, sometime in the next few weeks. The functions available on the platform will now be on-boarded with a new version dubbed Google Shopping.Back in May, the company announced a new and redesigned Google Shopping platform which will include a universal shopping cart of sorts, embedded with the company’s other offerings including Images, Search and...

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Web Performance Platform Cloudflare Increases Their IPO Range

Californian digital content delivery and Internet security company Cloudflare announced they have raised their IPO price range from a previous $10 to $12 interlude to $12 to $14 per share.This company seems to believe in themselves because it’s quite unusual for a unicorn like this to adjust the number of shares it expects to sell in its public debut. However, it seems that at the new prices they have set up, Cloudflare could be valued between $3.5 billion and $4.1 billion.Let’s just remind...

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Tesla Announces New Supercharged Model S With ‘Plaid Powertrain’

Recently, Tesla CEO Elon Musk suggested that the new Tesla pickup truck will be available most likely by November. Now, Musk has made another promise about the Model S, Model X and Roadster Tesla Productions in the future. Musk tweeted that “the only thing beyond Ludicrous is Plaid”, suggesting that the new models will have a much stronger and impressive performance range than the current Ludicrous.In a separate tweet, Musk gave further details, however vaguely, about the “Plaid powertrain”...

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BNY Mellon Officially Named as Transfer Agent for Bitwise’s Proposed Bitcoin ETF

Photo: Bitwise / TwitterBitwise has tapped into the experience of the Bank of New York Mellon. It has appointed the BNY Mellon to serve as the administrator and transfer agent for its forthcoming Bitcoin exchange-traded fund (ETF). Bitwise filed an amendment to its Bitwise Bitcoin ETF S-1 form on September 11. It then submitted the amendment to the United States Securities and Exchange Commission (SEC) on the same day.The amendment lists Foreside Fund Services as the marketing agent, BNY...

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Seed CX’s Subsidiary Zero Hash Will Now Support Crypto Derivatives Transactions

Seed CX is a cryptocurrency derivatives platform. Now with the help of its subsidiary Zero Hash, the company plans to offer bilateral crypto derivatives transactions. That way, Seed CX aims to attract financial institutions to settle derivatives on their platform.The company announced that initially, it will support back-office settlement functions for Bitcoin forwards. Later, the firm plans to add support for options as well, but the approximate time frame wasn’t specified.As the company...

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McDonald’s (MCD) Acquires Startup to Add Artificial Intelligence to Its Drive-Through Restaurants

McDonald’s (MCD) is one of the oldest and most popular fast food restaurant chains in the world and as with any other establishments that have been around as long, the company is constantly seeking ways to improve its service and the experience it gives customers. The 79-year-old restaurant has now announced the acquisition of Apprente, in a bid to improve its service using automated voice commands.Founded in 2017, Apprente is a Silicon Valley startup which focuses on the use of artificial...

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Facebook’s Libra to Be Tied to Major Fiat Currencies, Except Chinese Yuan

When Facebook unveiled its Libra whitepaper back in June 2019, it already announced that it will be backed by a number of global fiat currencies. However, this time, the social media giant has shared additional details about the Libra’s fiat-pegged options.As per the Bloomberg report, Facebook told the U.S. senators that each Libra token will be supposedly tied to fiat currencies like Euro, Yen, British Pound, U.S. Dollar, and Singapore Dollar. However, the Chinese Yuan is exempted from the...

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