2022-09-27
A giant flying under the radar: @BendingSpoons * Started in Milan, Italy by @luke10ferrari & team in 2013 * 500M downloads & 90M MAUs across iOS/Android * Fresh $340M in new $$$ to build & buy more apps https://startupitalia.eu/... [last investment out of @adjacent v1 last year]
Reuters
Milan-based app developer Bending Spoons, which makes Splice and Remini, raised $340M+ from Italian banks Intesa Sanpaolo and Banco BPM, Ryan Reynolds, and more
2021-11-18
2019 LPs passing on @adjacent: 'consumer subs don't scale' 2020 VCs passing on our Series As: 'There's no $10b+ consumer sub biz' 2021 @Grammarly raises at a $13B ‘...’ https://techcrunch.com/...
TechCrunch
Grammarly, which helps users improve their writing with its AI assistant, raises $200M at a $13B valuation
Grammarly, the popular auto-editing tool for writing, has raised $200 million in funding at a $13 billion valuation from new investors including Baillie Gifford and funds and accou...
2020-06-16
A potential black swan event for Mobile Subs Cos is regulation or competition forcing Apple to reduce its % take through the AppStore at 1 point.. Should that ever happen, say to 15%, it could mean $10s of millions going straight to EBITDA and $100s in extra EV for the big ones! https://twitter.com/...
The Verge
The European Commission opens two antitrust investigations into Apple's App Store and Apple Pay practices
Both investigations begin today — The European Commission is opening two antitrust investigations into Apple's App Store and Apple Pay practices today.
2019-10-29
Interesting tidbit from @Spotify Q3 results: We continue to see exponential growth in podcast hours streamed (39% Q/Q) [...] For listeners who do engage in podcasts, we are seeing increased conversion to Premium. Some of the increases are extraordinary https://investors.spotify.com/ ...
Quartz
Spotify says 14% of MAUs listen to podcasts, podcast hours streamed grew 39% QoQ, and podcast engagement is driving increases in free to paid conversion
Matthew De Silva / Quartz :
2019-10-28
Interesting tidbit from @Spotify Q3 results: We continue to see exponential growth in podcast hours streamed (39% Q/Q) [...] For listeners who do engage in podcasts, we are seeing increased conversion to Premium. Some of the increases are extraordinary https://investors.spotify.com/ ...
Spotify
Spotify Q3: paid subs rose 31% YoY to 113M; MAUs grew 30% YoY to 248M; revenue up 28% YoY to €1.73B; net income of €241M, up from €43M in Q3 '18; stock up 16%+
NEW YORK—(BUSINESS WIRE)— Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the third fiscal quarter …