Spotify reported a net income of €1.1B in 2024 after cutting €500M in marketing, R&D, and administrative expenses, solidifying its position as a market leader in music streaming. The company’s strategic cost reductions have given it a significant competitive edge over its competitors, signaling a successful shift towards profitability and sustainability in the industry. Spotify’s newfound financial stability reflects its ability to adapt and innovate, showcasing its resilience and market dominance.
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Uber shifts gear in the robotaxi race
Uber has partnered with Chinese tech giant Baidu to integrate thousands of Baidu's Apollo Go robotaxis into its ride-hailing app, expanding the service beyond China and the U.S. Baidu has been testing these robotaxis in various Chinese cities since 2019, marking a significant step in autonomous ride-hailing services. Explain It To Me Like I'm 5: Uber is teaming up with Baidu to add a lot of robot cars to its app, helping people ride in...
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