Alphabet Google and Spotify Technology have reached a deal that allows the streaming giant to offer its own billing service within its app, paving the way for other developers to wrestle back billing control from app stores amid antitrust concerns. Spotify (ticker: SPOT ) users who downloaded the app from the Google Play Store will soon be presented with the option to pay either through Spotify’s payment system or Google Play Billing. “Spotify is on a years-long journey to ensure app developers have the freedom to innovate and compete on a level playing field,” said Alex Norstrom, Spotify’s chief business officer. Read More...
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Why Nvidia Stock Finally Popped Today
As Nvidia’s (NASDAQ: NVDA) Graphics Technology Conference 2022 (GTC 2022) approached its close on Wednesday, investors seemed largely unimpressed with the semiconductor giant’s announcements. Nvidia’s promise to enhance its artificial intelligence offerings, create a supercomputer for advanced robotics, expand its virtual reality Omniverse, and so on were all impressive announcements in and of themselves. It’s just that they were largely expected, already “priced in” to the stock, and thus failed to convince Wall Street investors to shift their price targets.
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