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June 26, 2019

Spotify’s Soundtrap audio editing tool to offer free unlimited storage

Soundtrap, the cloud-based editing tool for music and podcasts, has decided to throw in free unlimited storage for its non-paying members. Previously, Soundtrap’s basic plan limited users to only five saved songs or projects. Starting today, those wh…
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June 25, 2019

With a portfolio including Acorns, Sweetgreen and Ro Health, Torch Capital raises $60M for its first fund

Jonathan Keidan, the founder of Torch Capital, had already built a portfolio that included Acorns, Compass, Digital Ocean and Sweetgreen, before he raised single dollar for his inaugural venture capital fund, which just closed with $60 million.

Keidan, a consummate networker who began his professional career as a manager working with acts like The Nappy Roots, The Getaway People and a young John Legend, just managed to be in the right place at the right time, he says (thanks, in part, to his gift for gab).

The final close for Torch Capital’s first fund is just the beginning for Torch, which is angling to be one of the premiere firms for early [...]

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June 24, 2019

Apple says Spotify exaggerated how much ‘App Store tax’ it pays

In March, Spotify filed a complaint against Apple with the European Commission over the so-called “Apple tax” and claims of restrictive rules regarding the App Store. In the time since, Apple has responded with the launch of a website that takes aim at the anti-trust, anti-competitive claims against it, and most recently, a deep dive into how the process of app approvals work, by way of a CNBC profile. Now, Apple has responded to the EC complaint with its own filing which says Spotify is only paying this “Apple tax” on less than one percent of its paid subscribers.

This news was first reported by Music Business Worldwide (MBW) and German site Der [...]

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June 23, 2019

Recommended Reading: Facebook moderator PTSD

Bodies in seats Casey Newton, The Verge

The job of moderating toxic content on social media is a daunting task. It also takes a massive psychological toll on those doing it. The Verge has first-hand accounts from the worst-performing Facebook mode…

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