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Amazon stock took a nosedive after the ecommerce giant reported a $3.8 billion loss for the first quarter of 2022.
WhatsApp enters the subscription market, Quartz drops paywall, EU approves Digital Services Act.
Microsoft’s cloud services drive strong revenue growth in Q3 FY22, along with 34% revenue growth from LinkedIn.
This week’s subscription news roundup features media, mergers and money with Amazon Kids+, Substack and High Times.
In an attempt to return to profitability, Peloton lowers prices on bikes and treadmills and raises membership prices.
The CFPB is suing TransUnion for violating consumer protection laws and using deceptive subscription practices.
Meta wants nearly half of creator revenue earned from virtual reality platform Horizon Worlds.
Fortnite developer Epic Games announced a $2 billion funding round with investments from Sony and LEGO.
On the day Musk was to join the Twitter board, the billionaire reverses course, deciding not to join the board after all.
Twitter confirmed that it is working on an edit button, but not because of Elon Musk’s poll last week.
