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February 28, 2018, 4:55 PM
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Top News

Dan Primack / Axios:
Spotify files with SEC for $1B direct listing, will use SPOT as stock symbol; reports 71M paid subs, up 46% YoY, $4.09B revenue in 2017, up from $2.95B in 2016  —  Music streaming giant Spotify today filed for a $1 billion IPO.  Axios had previously reported on the company's confidential filing, but the new paperwork is public.
Matt Turner / Business Insider:
A look at how Spotify's direct stock listing will work: no set price range, no underwriters, no roadshow, and no bar on existing shareholders selling shares  —  Spotify just filed its F-1 form, and the document is full of detail on how the music streaming business is planning to pull off what it calls a “novel method” for going public.
Janko Rottgers / Variety:
Spotify says operating loss was $461.2M in 2017, up from $425M in 2016; average user streams 25 hours of audio a month, playlists generate 31% of all listening  —  Spotify officially filed for a public offering with the Security and Exchanges Commission Wednesday.
U.S. Securities and Exchange Commission:
Spotify Technology S.A. F-1 SEC filing for public listing on NYSE  —  This prospectus relates to the registration of the resale of up to of our ordinary shares by the registered shareholders identified in this prospectus ("Registered Shareholders").  Unlike an initial public offering …
Sarah Perez / TechCrunch:
Twitter begins rolling out its Bookmarks feature, which lets users privately save tweets and has been in testing since October 2017, to all mobile users  —  Twitter today is publicly launching its “Bookmarks” feature, which has been in testing since late last year, following the company's HackWeek project dubbed #SaveForLater.
Joe Rossignol / MacRumors:
Apple says it will let developers making apps for Watch Series 3 track ski and snowboard activities through APIs in watchOS 4.2  —  Apple has announced that skiers and snowboarders can use Apple Watch Series 3 to track their activities starting today.  —  Apple Watch apps snoww, Slopes …
Marco Arment / Marco.org:
WatchKit is a buggy, “baby” UI framework that does not unlock the true potential of third-party apps on the Apple Watch and needs to be discontinued or replaced
Frederic Lardinois / TechCrunch:
Google brings Hangouts Chat, its Slack competitor, out of beta and adds it to G Suite with deeper integration with other Google and third-party tools  —  Hangouts Chat, Google's take on modern workplace communication, is now generally available and is becoming a core part of G Suite.
Hugh Langley / Wareable:
Leaked images and sources detail Fitbit's next smartwatch, set for spring launch, that will appeal to female market, have 50M water resistance, no GPS, more  —  Exclusive: A better design than the Ionic, but lacks GPS  —  On its latest investors call, Fitbit teased a brand new smartwatch …
Ali Winston / The Verge:
Sources: Palantir has been secretly testing predictive policing technology in New Orleans since 2012 that identifies individuals at risk of committing crime  —  Palantir deployed a predictive policing system in New Orleans that even city council members don't know about  —  Illustrations by Garret Beard and Alex Castro
Josh Constine / TechCrunch:
Facebook is rolling out job ads to 40 more countries; businesses can post job openings to a Jobs tab on their Page, Facebook Marketplace, and the News Feed  —  LinkedIn wasn't built for low-skilled job seekers, so Facebook is barging in.  Today Facebook is rolling out job posts to 40 …
Stephanie Condon / ZDNet:
Salesforce reports Q4 revenue of $2.85B, up 24% YoY, vs. $2.81B est., and raises full fiscal 2019 revenue guidance by $150M to $12.6-$12.65B  —  The CRM giant beat market expectations for earnings and revenue.  —  Salesforce reported its fourth quarter financial result on Wednesday …
More: Salesforce and CNBC
Washington Post:
NSA director says Russia hasn't been dissuaded from meddling in US elections, and Trump hasn't given him new authority to strike at Russian cyber-operations  —  The head of U.S. Cyber Command warned lawmakers that penalties and other measures have not “changed the calculus or the behavior” …
Chris Stokel-Walker / Bloomberg:
Study: top 3% of most-viewed YouTube channels receive ~85% of all views, attract 1.4M+ views/month, but could bring only ~$17K/year each in advertising revenue  —  You can have a million views a month and still not be able to make rent  —  Do your children dream of YouTube stardom?

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Amy Graff / SFGATE:
KQED, a Bay Area NPR and PBS affiliate, is initiating buyouts, and may have layoffs or a hiring freeze; in 2023, revenue hit $90.4M and expenses $100.9M

Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors

Sara Fischer / Axios:
Puck hires veteran journalist and TV commentator John Heilemann as its chief political columnist and partner, as the outlet expands its presence in Washington

More News

Brian Fung / Washington Post:
Inside the informal coalition of tech companies, experts, industry groups, and more who meet weekly in Washington to discuss protecting net neutrality rules
More: The Verge.  Tweets: @b_fung, @matthewstoller, @b_fung, and @b_fung.  Thanks:@b_fung
Kim Hart / Axios:
Poll of 3,574 US adults shows 55% are in favor of the government regulating big tech companies, up from only 40% in November last year
Zack Whittaker / ZDNet:
Duo Security reports SAML vulnerability affecting single sign-on systems, allows attackers with authenticated access to log in as other users without a password
James Vlahos / Wired:
Inside Amazon's $1M Alexa Prize competition, which challenged students to build socialbots that could chat coherently with Alexa users in the US for 20 minutes

Earlier Picks

Tom Jackman / Washington Post:
US House votes 388-25 on a bill that aims to make it easier to penalize operators of websites that facilitate online sex trafficking
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