Okta Reports 53 Percent Subscription Revenue Growth for Q4 of FY 2019

It took more than luck for independent identity provider Okta (NASDAQ: Okta) to grow fourth quarter subscription revenue by 53 percent and full year subscription revenue by 57 percent for fiscal year 2019 for the period ended January 31, 2019. Among the quarter's highlights are total revenue of $115.5 million, a 50 percent increase year-over-year. Subscription revenue was $108.5 million, representing 94 percent of total revenue. Full year revenue was $399 million, a 56 percent increase year-over-year.

Five on Friday: The Value of Freemium Content, Appetite for Long-Form Content and More

This week's Five on Friday defines the value of Freemium Content, the demand for Long form Content, Startup Stash, Increasing Facebook Clicks, and Sales Persistence.
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Subscription Insider is uniquely focused on the business of subscriptions.

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We deliver the information, training and research that subscription entrepreneurs, executives, and their teams need to support improved decision making, skills, and profitability.

Subscription Newsletter theSkimm Raises Nearly $12 Million in Series C

TheSkimm, a digital media company known for its witty, daily newsletter, raised $12 million in Series C funding from mostly female investors including TV producer Shonda Rhimes (Grey's Anatomy, Scandal, How to Get Away with Murder) and supermodel-actress Tyra Banks, reports Variety. The total raised by the privately-held, New York-based company to date is $29 million, says TechCrunch. TheSkimm will use the money to grow its free and premium offerings and to expand the company's No Excuses political-engagement campaign.
Despite COVID-19, Apple reports record Services revenue for FY2020 Q2.

Apple’s Second Quarter Services Revenue Reaches Record $13.3 Billion

Despite the COVID-19 pandemic, technology giant Apple reports record Services revenue of $13.3 billion for the second quarter of fiscal year 2020.

The California Consumer Privacy Act of 2018

California just passed a new restrictive privacy law, theCalifornia Consumer Privacy Act of 2018. Assuming the law is not amended before it comes into force on January 1, 2020. The new law protects any "consumer," defined as a "natural person who is a California resident."
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Samovar launches a unique meal plan subscription to isolated Bay area residents.

San Francisco Restaurant Launches Unique Meal Plan Subscription for Isolated Residents

San Francisco restaurant Samovar is meeting customers where they are – isolated at home under California’s “shelter in place” order. The restaurant...

Comcast May Buy Ad-Supported Streaming Service Xumo in the New Year

Comcast NBCUniversal is reportedly in talks to acquire free, ad-supported streaming service Xumo from current owners Panasonic and Meredith Corp., reports Variety, citing the Wall Street Journal who broke the story last week. Xumo, who offers free TV, movies and premium channels on more than 30 streaming platforms, has been on the market for several months and has a prior relationship with Comcast, so this could be a good fit. According to Variety, Xumo and the cable giant made a deal last summer to include Xumos service on Comcast Xfinitys X1 set top cable box.

GateHouse Media to Buy The Boston Herald for $4.5 Million in Cash

On Friday, Boston Herald publisher Patrick J. Purcell told staff that GateHouse Media LLC would acquire The Herald and its assets for $4.5 million in cash, subject to court approval. To maximize the company's value, Boston Herald Inc. (BHI) filed a voluntary Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Delaware to maximize the company's value.

Amazon Raises Minimum Wage to $15 for All U.S. Staff

Yesterday was a good day to smile if you are an Amazon (NASDAQ: AMZN) employee. The company announced it would raise its minimum wage to $15.00 per hour for all U.S. staff, including full-time, part-time, temporary and seasonal employees. The change goes into effect November 1. It will impact more than 350,000 employees, including 100,000 seasonal staff and associates hired from temp agencies, as well as Whole Foods employees and other Amazon subsidiaries.

Can Nonprofit Status Save The Salt Lake Tribune?

The 148-year-old Salt Lake Tribune wants to become the first U.S. legacy newspaper to try nonprofit status on for size. Attorneys representing the newspaper are seeking IRS approval for an endowed nonprofit foundation supporting independent journalism in Utah, while also pursuing 501(c)(3) status. If approved, ownership would be transferred from owner Paul Huntsman to a public board.

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