Monthly Archives: July 2022

Comcast’s broadband business stopped growing for the first time ever

Illustration by Alex Castro / The Verge Comcast didn’t add any new broadband subscribers between April and June, marking the first time the company has failed to grow its high-speed internet business. Broadband figures stayed flat from Q1 at 32.2 million subscribers, the company announced in its Q2 2022 earnings release this morning. With just…

Evabot secures fresh capital to inject AI into corporate gifting

The idea of corporate gifting to maintain client relationships isn’t a novel concept. In fact, there’s a cottage industry of “gifting-as-a-service” startups that promise to streamline the task, ranging from companies such as Reachdesk and &Open to Sendoso and Goody. Vendors claim their industry is a profitable one (worth an estimated $258 billion) because the…

Retool raises $45M at a $3.2B valuation to make building custom software as easy as buying off the shelf

The explosion of cloud computing, broadband networks, smarter devices and a vogue for building SaaS startups has created a universe of software for businesses and consumers: whatever it is that you want or need to do, there’s an app for that, as Apple once famously said. But that is not the only game in town….

Spotify forks out $295M for Findaway, Podsights, Chartable, and Sonantic, filing reveals

Spotify has quietly announced how much it’s paying for four of its recent acquisitions, revealing that it’s doling out a combined €291 million ($295 million) for Findaway, Podsights, Chartable, and Sonantic. In an updated SEC document filed after its official earnings report yesterday, the audio-streaming giant confirmed that it will pay €117 million in cash…

Peacock suffers another huge loss as subscribers stall, are more cancelations on the way?

Peacock, the streaming service owned by Universal Pictures’ parent company Comcast, has posted another huge set of losses as it announces its latest subscriber figures.  According to Variety, the streaming service ended the second quarter of 2022 with a subscriber base of 13 million and losses of around $467 million, over $100 million up from…