Squarespace goes public, Apple shares some music payment details, and Twitter bans the founder of right-wing media organization Project Veritas. This is your daily crisis for April 16, 2021.
The big story: Squarespace files are released
Squarespace has applied for a public listing on the New York Stock Exchange under the ticker symbol SQSP. The company behind the popular website builder saw revenue jump 28% year over year from $ 484.8 million in 2019 to $ 621.1 in 2020. Last year it posted a net income of 30.6 Million USD reported.
Also worth mentioning: the majority of the voting rights still belong to the founder and CEO Anthony Casalena.
The technology giants
Apple Music Streaming Earnings Listed in Letter to Artists – Things start at a dime per stream, which is roughly double the payout from Spotify.
Google has misled consumers about location data settings, the Australian court found. The case relates to personal location data that Google collected between January 2017 and December 2018 via Android mobile devices.
Twitter bans Project Veritas’ James O’Keefe over fake account policies – O’Keefe has already announced that he will sue the company for defamation.
Startups, Finance and Venture Capital
Level raises $ 27 million from Khosla, Lightspeed, “to build insurance from scratch” – Level aims to provide companies with a more flexible way of providing benefits to their employees.
Oxbotica raises $ 13.8 million from Ocado to build autonomous vehicle technology for the online grocer’s logistics network. Ocado sees this as a strategic investment in developing AI-powered, self-driving systems that work across operations.
Soona raises $ 10.2 million to facilitate remote photo and video capture. Customers send their products to Soona, then view the recordings remotely and provide instant feedback.
Advice and analysis of extra crunch
The IPO market sends us mixed messages – rounding up the IPO news from UiPath, Coinbase, Grab, AppLovin and Zenvia.
Data Scientist: Bring the Narrative to the Foreground – Our collective infatuation with data often overlooks the role storytelling plays in extracting real value from it.
Corporate security attackers are just a password away from your worst day – Exabeam’s Ralph Pisani argues that the world has changed but cybersecurity has not kept up.
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Reforming US Low Income Broadband Program by Rebuilding Lifeline – America’s Lifeline Program is a monthly grant designed to help low-income families afford critical communications services.
GM’s second US $ 2.3 billion battery plant with LG Chem will open in late 2023. The plant will provide the automaker with the cells needed for the 30 models of electric vehicles that will be launched by the middle of the decade.
Pakistan Temporarily Blocks Social Media – The Pakistani government ordered the Pakistani Telecommunications Authority to block social media platforms like Twitter, Facebook, WhatsApp, YouTube and Telegram for several hours today.
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