Business and Tech News - 4.15.24

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Skool Projekt Staff
April 15, 2024

Spotify Creates Remix Feature To Rival TikTok

Spotify is introducing TikTok-inspired remix features for paid subscribers, including song speed adjustments and editing available through its Premium and "Supremium" service tiers. The popularity of these remixes is driven by their frequent use on TikTok, where 38% of songs were modified in 2023. This new model from Spotify, which prevents sharing of user-generated remixes on third-party services, could streamline royalty payments and open new revenue streams for artists and rights holders.

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Bitcoin Struggling Due to Halving and Mideast Tensions

Bitcoin plummeted 8% on Saturday evening in response to U.S. confirmation of an imminent attack, underscoring heightened Middle East tensions, and further dropped overnight from $70,000 to below $62,000 before rebounding above $64,000 by Sunday. Ether and other digital currencies also faced significant sell-offs, with some declining by up to 10%. The steep sell-off in the cryptocurrency market was triggered by an Iranian drone and missile attack on Israel, further intensified by the upcoming Bitcoin halving.

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Google To Stop Linking To Some California News Sites

Google will start removing links to California news sites for certain users in response to a new bill that mandates online ad companies to pay fees for linking to news sources. The company criticizes the bill as detrimental to journalism and business stability, and as part of a test, it is pausing further investments in California's news ecosystem. While supporters of the bill argue it ensures a fair share of ad revenue for publishers, critics contend it disproportionately benefits larger newsrooms.

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Media Companies Urge Debate Commitment from Candidates

Major U.S. news organizations, including broadcast, cable, wire, print, and radio outlets, have issued a joint statement urging 2024 presidential candidates to commit to general election debates, emphasizing their 50-year tradition as essential to American democracy. While former President Trump, having skipped GOP primary debates, expresses eagerness to debate President Biden, Biden's commitment remains undecided. The nonpartisan Commission on Presidential Debates has established the dates and criteria for the debates, encouraging candidates to publicly commit to participating early.

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Roku Announces Another Massive Data Breach

Roku announced a new security breach affecting 576,000 accounts, following a prior breach impacting over 15,000 accounts. The company found no evidence that its systems were the source but discovered the second incident through ongoing monitoring; in fewer than 400 cases, hackers made unauthorized purchases without accessing sensitive information. Roku is responding by notifying affected customers, resetting passwords, reversing unauthorized charges, and implementing two-factor authentication for all accounts.

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Here’s how the markets closed on Friday:

 

 

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