"Here's a quick recap of the top stories. Spotify's Q4 Revenue Surpasses Expectations Spotify Technology reported a 7% YoY increase in revenues, reaching €4.53 billion and surpassing the consensus of €4.52 billion. The growth was driven by Premium revenues of €4.01 billion and ad-supported revenues of €518 million, both exceeding Street expectations. Analyst Eric Sheridan reiterated a Buy rating and a $700 price target for the company."
"Amazon.com Inc's Super Bowl commercial, featuring its Ring unit's smart home cameras, sparked backlash over privacy concerns. The ad, which focused on the use of smart cameras to find lost puppies, has led to Amazon facing renewed scrutiny over video surveillance. Andrew Ferguson, the Federal Trade Commission (FTC) Chairman, sent a letter to Apple Inc. CEO Tim Cook expressing concerns about alleged political bias in Apple News. The letter addressed allegations of the news service promoting content from left-wing outlets while suppressing conservative publications."
Spotify reported a 7% year-over-year revenue increase to €4.53 billion in Q4, driven by €4.01 billion in Premium and €518 million in ad-supported revenues, beating expectations. Amazon's Super Bowl commercial for Ring drew backlash over smart-camera privacy and renewed scrutiny of video surveillance. FTC Chairman Andrew Ferguson sent a letter to Tim Cook raising concerns that Apple News promotes left-wing outlets while suppressing conservative publications. Elon Musk criticized Anthropic for alleged bias and misanthropy after a $30 billion funding round and valuation surge. India's antitrust regulator penalized Intel for a discriminatory warranty policy on boxed microprocessors.
#spotify-earnings #privacy--surveillance #apple-news-bias #anthropic-criticism #intel-antitrust-india
Read at Benzinga
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