Tech, Business, Finance and Everything Else
Uber has nearly doubled its revenue while keeping its employee count flat over the last 3 years.
This is a stagering chart. I hope this trend continues! It is also providing them with more strong free cash flow to spend into other areas of the business.
Manchester United’s new £50M training ground, which has its own barbers, will open next month when Ruben Amorim’s squad return from their pre-season tour to the United States.
RouteNote’s royalty payment process has some unique aspects compared to other distribution services:
Unlike some services that may have more complex pricing structures or longer payment delays, RouteNote aims to offer a straightforward and relatively quick payment process. However, it’s important to note that the actual speed of payments can vary depending on the type of royalty and the specific platforms involved.
RouteNote aims to ensure fair royalties for artists through several key practices:
While some users have reported issues with payments, these appear to be isolated incidents rather than systemic problems. RouteNote’s overall structure and policies are designed to provide fair and transparent royalty distribution to artists. However, as with any service, it’s crucial for artists to carefully read the terms of service, set up their payment information correctly, and maintain open communication with the company if any issues arise.
RouteNote’s payment process differs in a few key ways for master recording royalties versus compositional royalties:
While the basic payment process is similar, the key differences lie in the collection timeline, types of royalties, and the way RouteNote handles the revenue sharing for each royalty type.
Steven Finch was inspired to start RouteNote in 2007 with the goal of democratizing online music distribution and making it accessible to all artists. The key motivations behind founding RouteNote appear to be:
By creating RouteNote, Steven Finch sought to provide a solution that would allow artists to retain control and ownership of their music while reaching a global audience through major digital platforms. This vision was likely shaped by his understanding of the music industry’s challenges and his desire to create a more artist-friendly distribution model.
Architect Sonya Lee has unveiled the new home of Meow Parlour, New York City’s beloved cat cafe. The popular spot had outgrown its previous space. A standout feature of the new storefront is a ten-foot-tall wall constructed entirely of white oak shelves that spell out “MEOW.” These shelves serve a triple purpose: as eye-catching signage, a cozy playground for the cafe’s feline residents, and a stylish display counter.
The other day I just came across Amit on YouTube and noticed that he sat down and interviewed Robinhood CEO and Co-Founder, Vlad Tenev.
It’s a great interview and really worth the watch.
My favourite part is them talking about the new Robinhood Gold and the economics behind the product.
This is the key reason media companies don’t stand the test of time!
This is Digital Music News. There are barely two paragraphs on the page and the vast majority of the page is just spammed full of advertising!
It’s impossible to even read the article!!!!!!
Revenue +13%
*Online Stores +7%
*Physical Stores +6%
*Third Party Sellers +16%
*Subscriptions +11%
*Advertising +24%
*AWS +17%
EBIT +221%
*marg. 10.7% (3.7)
EPS +219%
FCF LTM $50.1B (-3.3)
90% of VCs add no value to startups, 70% even harm them.
Just the fact that you got an MBA and joined a venture fund doesn’t mean you can give useful advice to an entrepreneur
If you never built an actual business, you’re not qualified to give advice.
Vinod Khosla is the lead of Khosla Ventures and has invested in some of the worlds largest companies when they were young and in venture capital mode.
Here is the full interview:
Here is a quick run down the SoFi results this quarter.
From the outside it looks like they had a very strong quarter with 26.2% growth in terms of revenues and members are very strong at 43% up year on year.
However, the stock itself is a crazy rise and very hard to predict how it is going to perform over the short term.
Buying Xiaomi American Depositary Receipts (ADRs):
Buying Xiaomi shares directly on the Hong Kong Stock Exchange (HKEX):
NIO plans to start selling the first model under a mass-market brand as early as September, according to founder and chief executive William Li. The production cost for these new electric vehicle models would be 10% less than that of Tesla’s Model Y. Li told investors on Tuesday that this would give NIO “better flexibility” in pricing its first model, codenamed Alps, which will feature battery-swapping technology. This advantage is due to China’s well-developed EV supply chain and NIO’s extensive research and development efforts over the years.
Li suggested that the luxury EV manufacturer might adopt a more aggressive pricing strategy to compete with rivals in the segment. The new brand will primarily target Chinese families and prioritize volume sales, while NIO’s original brand will continue to focus on gross margin.
In 2023, the net loss of the Shanghai-based company increased to RMB 20.7 billion ($2.9 billion) from RMB 14.4 billion the previous year, while its revenue grew by approximately 12.9%. NIO’s stock ended the day at $5.48, a 2.8% increase.
Investments in AI have been increasing, and Alibaba has emerged as one of China’s key players in this field. Recently, the e-commerce giant led a funding round of over US$600 million for the Chinese startup MiniMax.
This deal increased MiniMax’s valuation to over US$2.5 billion, marking Alibaba’s second significant AI investment this year. It recently led a US$1 billion round for Moonshot AI, also valuing it at US$2.5 billion.
MiniMax is a Chinese AI startup specializing in social AI. It develops AI companions and virtual characters for interactive experiences.
At present, the startup has two AI character role-playing apps: Talkie for international markets, and Xing Ye for China.
A lot of people have been giving Google a really hard time of late over their troubled entry into AI – with their chat interface Gemini. Additionally, there are investors out there that think OpenAI, Perplexity and others will start to disrupt their search business which is their main revenue stream via ads.
I don’t think this is going to happen and here is my take:
I think I will be buying more for my own investment portfolio.
Coinbase (COIN) debuted on the Nasdaq stock exchange on April 14, 2021, through a direct listing, meaning no shares were sold at a pre-determined price. While Nasdaq provided a reference price of $250 per share, the stock actually began trading at $381 and closed its first day at $328.28 per share.
Cox Enterprises is set to acquire OpenGov, a software provider for cities and state agencies, in a deal valued at $1.8 billion. OpenGov, a privately-owned company based in San Francisco, has developed a software platform over the past twelve years. This platform assists with budgeting, accounting, asset management, and other local government requirements.
