Spotify Technology S.A.

Spotify, a leader in audio content, is constantly seeking new ways to provide unique experiences for its users. The company recently announced its intention to acquire Sonantic, an AI voice platform that creates compelling and realistic voices from text. This technology will allow Spotify to create high-quality experiences for users by building on existing technical capabilities. At Spotify, they have identified several potential opportunities for text-to-speech capabilities across their platform and believe that high-quality voice will be important to growing their share of listening. Some examples of potential uses include giving context to users about upcoming recommendations when they are not looking at their screens and reducing barriers to creating new audio experiences. The company is committed to providing engaging, personalized experiences for its users.

73%

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

84%

Examples:

  • Spotify has a new Basic plan for US subscribers priced at $10.99 per month.
  • The author claims that Apple’s new terms disregard both the spirit and letter of the law and make a mockery of DMA. However, this statement is misleading because it implies that Apple has control over whether or not their terms comply with the law when in fact, they are subject to legal requirements.
  • The author uses language that dehumanizes those who hold different beliefs than their own.

Conflicts of Interest

75%

Examples:

  • Apple claims the changes include new controls and disclosures, and expanded protections to reduce privacy and security risks the DMA creates. This is masquerading unfounded privacy and security concerns to the detriment of user choice.
  • From our read of Apple’s proposal, a developer would have to pay this fee even if a user downloaded the app, never used it and forgot to delete it.

Contradictions

85%

Examples:

  • Apple has been asked to take action against by the European Commission for five years.
  • Spotify has a new Basic plan for US subscribers priced at $10.99 per month.
  • There are no examples provided of how Joe Rogan has changed podcasting.

Deceptions

60%

Examples:

  • The claim that JRE consistently ranks as the most-listened-to podcast globally and their users have ranked them as Spotify’s Wrapped top podcast each year since 2020 is false according to Apple Podcasts data.
  • There are no examples provided of how Joe Rogan has changed podcasting.

Recent Articles

  • New Spotify Basic Plan: Music and Podcasts for $10.99 per Month

    New Spotify Basic Plan: Music and Podcasts for $10.99 per Month

    Broke On: Friday, 21 June 2024 Spotify introduces a new $10.99/month Basic plan for US subscribers, offering music and podcasts but no audiobooks, potentially attracting price-conscious users and maintaining market share.
  • Spotify's Q1 2024 Earnings: Record-Breaking Revenue of €3.6 Billion and 615 Million MAUs

    Spotify's Q1 2024 Earnings: Record-Breaking Revenue of €3.6 Billion and 615 Million MAUs

    Broke On: Tuesday, 23 April 2024 Spotify reported Q1 2024 earnings, surpassing expectations with a 20% YoY revenue increase to €3.6bn, driven by a record-high 615m MAUs and 239m subscribers. The company also achieved an operating income of €168m and a net income of €197m, with a stronger-than-expected gross margin of 27.6%. CEO Daniel Ek remains confident in the company's growth plans, while Spotify's podcast will now be available on multiple platforms to broaden its reach.
  • Apple's New Digital Markets Act Rules Face Criticism from Developers and Tech Companies

    Apple's New Digital Markets Act Rules Face Criticism from Developers and Tech Companies

    Broke On: Friday, 01 March 2024 Apple's new Digital Markets Act (DMA) rules have been widely criticized by developers and tech companies, including Spotify, Epic Games, Proton and 37signals. They argue that Apple has made a mockery of the new EU regulation in their letter to the European Commission.
  • Joe Rogan's Podcast Leaves Spotify Exclusive Deal for Broader Distribution

    Joe Rogan's Podcast Leaves Spotify Exclusive Deal for Broader Distribution

    Broke On: Saturday, 03 February 2024 Joe Rogan, a popular podcaster and comedian, has signed a new multiyear partnership deal with Spotify. Under the agreement, his podcast The Joe Rogan Experience will no longer be exclusive to the audio app and instead will be distributed to other platforms such as Apple Podcasts, Amazon Music and YouTube.
  • Apple Opens iPhone to Third-Party App Stores in EU, But at What Cost?

    Apple Opens iPhone to Third-Party App Stores in EU, But at What Cost?

    Broke On: Wednesday, 31 January 2024 Apple is finally opening the iPhone to third-party app stores in the European Union, but a 0.50 fee may deter smaller apps from using it.