Group 1: Bitcoin Market Dynamics - Bitcoin has experienced a significant decline, down 13% this week and 27% over the past month, with its value dropping from a peak of over $126,000 to below $63,000 [4][5] - The selling pressure was exacerbated by leveraged positions being forced to liquidate, indicating Bitcoin's status as a risk asset rather than a stable currency [6] - The volatility in Bitcoin reflects broader market concerns about overvaluation and risk allocation in investment portfolios [3][6] Group 2: Software Stocks and AI Impact - Software stocks have seen substantial declines, with major players like Microsoft down 7%, Adobe down 10%, and Oracle down 16%, driven by fears that AI advancements may render many companies obsolete [10][15] - New AI tools announced by companies like Anthropic and Google have contributed to market anxiety, leading to a sell-off in related stocks [7][10] - The market is grappling with the dual concerns of high capital expenditures on AI that may not yield expected returns and the potential for AI to disrupt entire industries [16][18] Group 3: Earnings Reports and Market Reactions - Alphabet reported an 18% revenue increase and a 48% growth in cloud revenue, but its stock fell due to high capital expenditure predictions for 2026, which could consume a significant portion of its profits [12][13] - Amazon's projected capital expenditures for 2026 are also high, at $200 billion, representing 28% of its revenue and 256% of its net income, raising concerns about sustainability [14][15] - Hershey's stock rose 9% after beating earnings expectations and raising guidance, reflecting a shift towards more resilient consumer staples amid economic uncertainty [27][28] Group 4: Economic Indicators and Job Market Concerns - Recent job market data indicates rising initial jobless claims and the lowest job openings since September 2020, suggesting a weakening labor market [31][32] - Layoffs announced by major companies like Amazon and UPS contribute to a pessimistic outlook for upcoming job reports [32][33] - The defensive rotation in the market is evident as investors seek stability in traditional sectors like consumer staples and healthcare, moving away from riskier tech assets [26][31]

Spotify’s new feature lets you explore the story behind the song you’re listening to https://t.co/qb5ki1E8OO ...

Spotify changes developer mode API to require premium accounts, limits test users https://t.co/vxNaZycdBl ...

Market Overview - Bitcoin has dropped to $60,000 from a record high of $124,000, indicating a downward trend in market froth [1] - Share markets, including the ASX 200 index, have seen significant declines, with a 2% drop on Friday [2] - A local market wipeout of nearly $65 billion occurred, marking the largest fall since April of the previous year, with all sectors closing lower [3] Sector Performance - The ASX technology sector fell by 12.6% for the week, driven by concerns over AI investments and their potential returns [6] - Major tech companies like Amazon saw an 11% drop in shares due to high capital expenditure plans, impacting technology stocks in Australia [7] - Real estate stocks weakened, with Goodman Group falling 6.1% and REA Group down 7.8% after disappointing profit results [11] Commodity and Mining Sector - Gold and silver prices have weakened, with silver experiencing a 2% increase after an 18% fall in the previous session [8] - Major mining companies like BHP, South32, and Newmont saw declines in their share prices, with BHP down 3.1% [9] - Rio Tinto shares remained flat after ending merger talks with Glencore [10] Upcoming Economic Indicators - The focus will shift to household spending data expected to show some weakening, while new home loan data is anticipated to increase by around 6% [14] - US jobs figures are expected to show an addition of around 50,000 jobs, with the unemployment rate steady at 4.4% [15]

RT Phoebe Liu (@_pheebini)Epstein had access to tech billionaires like Thiel and Musk. But he walked away from several deals with major startups—including Spotify and SpaceX—that could have netted him hundreds of millions in total.Ffrom @_IainMartin and me for @Forbes:https://t.co/GHU6NXSvtB ...

Core Viewpoint - Spotify is expected to report a quarterly earnings per share (EPS) of $2.95, marking a 56.9% increase year-over-year, with revenues projected at $5.16 billion, reflecting a 14% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate has been revised down by 7.5% over the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between these revisions and short-term stock price performance [3]. Key Metrics Forecast - Total Monthly Active Users (MAUs) are projected to reach 745.41 million, up from 675.00 million in the same quarter last year [5]. - Premium Subscribers are expected to hit 289.27 million, compared to 263.00 million a year ago [5]. - Ad-Supported MAUs are forecasted to reach 470.00 million, an increase from 425.00 million in the previous year [5]. Stock Performance - Spotify shares have decreased by 22.7% in the past month, while the Zacks S&P 500 composite has increased by 0.5% [6]. - With a Zacks Rank of 3 (Hold), Spotify is anticipated to closely follow overall market performance in the near term [6].

RT Iain Martin (@_IainMartin)Inside Jeffrey Epstein’s Secretive Silicon Valley Investments https://t.co/U260jNWTsFMore from me @_pheebiniDid Epstein’s relationship with Peter Thiel mean that he missed out on a $500m+ windfall from Spotify’s massive IPO? ...

I'm testing out Spotify's new feature for audiobooks called page match, which allows you to scan a physical copy of the book you're reading and continue listening at the same spot in the audiobook version. You can also do the reverse if you want to continue reading where you left off in the audiobook. The page match feature will help you find the right page in your physical book.I got to test it out early and it works pretty fast. It also works with books you have on an e-reader. One thing I will point out ...

Core Insights - Spotify is expanding its audiobook business by introducing the ability to purchase physical books through its app, marking a significant shift from its digital-only model [1][4] - The company has launched new features to enhance the audiobook experience, including "Page Match" and "Audiobook Recaps," aimed at providing a more seamless transition between physical and digital formats [2][10] Group 1: Audiobook Business Expansion - Spotify will allow users in the U.S. and the UK to buy physical copies of audiobooks directly through the app, positioning itself as a competitor to major booksellers like Amazon and Barnes & Noble [1][4] - The partnership with Bookshop.org supports local independent bookstores, ensuring that purchases made through Spotify benefit local book communities [5][6] Group 2: New Features for Audiobook Experience - The "Page Match" feature enables users to scan a page from a physical book to jump to that spot in the audiobook, enhancing user convenience [2][10] - "Audiobook Recaps," previously available only on iOS, will be introduced to Android devices, providing users with concise summaries of their last listening section [2][12] Group 3: Growth Metrics - Since the introduction of audiobooks, Spotify has seen a 36% increase in users listening to audiobooks and a 37% rise in listening hours over the past year [12] - More than half of Spotify's 281 million premium subscribers have engaged with an audiobook, indicating strong user interest and engagement in this segment [12]

Core Insights - Spotify is expanding its business model by entering the physical book market through a partnership with Bookshop.org, which is a significant move beyond its existing audiobooks segment [1] Group 1 - The partnership with Bookshop.org will allow Spotify to sell physical books on its streaming platform, indicating a diversification of its product offerings [1]