Substack Acquires Subscription-Based Social App Cocoon
Substack is acquiring Cocoon, a subscription-based social app. Cocoon will remain independent.
The New York Times Puts Wirecutter Behind Metered Paywall
The New York Times Co. is putting its Wirecutter product review site behind a metered paywall.
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.
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.
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.
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.
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.
WW International Finishes Second Quarter with 4.9M Subscribers
WW International, formerly Weight Watchers, finished the second quarter of fiscal year 2021 with 4.9M subscribers, including 4.1M digital subscribers.
Spotify Tests Lower Priced, Ad-Supported Subscription Tier for $0.99
Spotify is testing a less expensive, ad-supported tier, Spotify Plus, for as low as $0.99 a month.
Zoom Settles Class Action Privacy Lawsuit for $85 Million
Video conferencing platform Zoom settled a class action privacy lawsuit for $85 million. Zoom admits no wrongdoing.
