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Spotify guides Q3 profit below estimates as user growth slows
Spotify gave investors a number they did not love. The streaming company guided to third-quarter operating income of €670m, just short of the €678m Wall Street had pencilled in, and the stock has already had a rough year. Spotify is also fighting on newer fronts. A flood of AI-generated tracks has swamped streaming, and rivals […]<br /> This story continues at The Next Web [...]
DJI's much smaller Mic 3 can record four subjects at once
DJI's busy engineering team is at it again with the creation of the company's third wireless mic system in less than two years. The new flagship DJI Mic 3 has a wholesale design change from the Mic 2 plus numerous improvements in areas like sound quality, noise reduction and the number of subjects you can record at once — though there is one downgrade compared to to the last model. I&# [...]
Applied Aerospace & Defense raises $650M in an IPO the market wanted ten times over
The appetite was the story. Applied Aerospace & Defense priced its initial public offering on Tuesday at $20 a share, raising $650M, and by the time the book closed the deal was said to be about ten times oversubscribed. A company that makes fuselage sections and solid rocket motor cases does not usually inspire that […]<br /> This story continues at The Next Web [...]