Forbes Is Going Public via SPAC Magnum Opus
Forbes is the latest company who will go public through a special purpose acquisition company, Magnus Opus Acquisition Limited.
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Peloton Reports Slowing Revenue Growth and Large Net Loss in Q4 FY21
Peloton concluded its fiscal year 2021 with slowing revenue growth and a net loss of $(313.2) million or $(1.05) per diluted share.
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Amazon Partners with Affirm to Offer Buy-Now-Pay-Later Option
Amazon and Affirm announced they are partnering to offer buy-now-pay-later payment options to select shoppers on purchases over $50.
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Apple Agrees to Make Major Updates to App Store Policies to Settle Class-Action Lawsuit
Apple has agreed to make major updates to App Store policies to settle a class-action lawsuit with U.S. developers.
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Weekly Subscription News: Fuel, Fall Fragrances and FuboTV
Spotify partners with WWE on podcasts, GoCardless and Piano team up to help subscription cos., Verizon offers free AMC+ subscriptions to customers.
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Twitter Is Testing Newsletter Subscriptions Through Revue
Twitter is letting creators test a new newsletter subscription sign-up feature on their Twitter profiles.
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Five on Friday: Leasing Programs, Premium Podcasts and Bitcoin Payments
Fair abandons the car subscription model, OnlyFans reverses courses to allow sexually explicit content, and Substack partners with OpenNote to accept Bitcoin.
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Vox Media Purchases ‘Punch’
Vox Media continues to grow with its latest acquisition, ‘Punch,’ a digital publication focused on cocktails and cocktail culture.
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SEC Files Charges Against Three Former Netflix Engineers with Insider Trading
The SEC charged three former Netflix engineers and two associates with insider trading for using nonpublic subscriber data to make $3M in profits.
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LitPic Raises $1.5 Million in Venture Capital for Free Creator Platform
LitPic, a new social network designed specifically for creator monetization, announced a $1.5M seed round.
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