Penske Media calls SPACs “an investor fad” as sources say it rejected eight SPAC approaches; Bustle is still pursuing a SPAC deal and Vox is considering one
Mediagazer presents the day's must-read media news on a single page.
The media business is in tumult: from the production side to the distribution side, new technologies are upending the industry. Keeping up with these changes is time-consuming, as essential media coverage is scattered across numerous web sites at any given moment.
Mediagazer simplifies this task by organizing the key coverage in one place. We've combined sophisticated automated aggregation technologies with direct editorial input from knowledgeable human editors to present the one indispensable narrative of an industry in transition.
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Mark Gurman / Bloomberg:
Sources: Apple is working to let businesses accept payments on their iPhones without extra hardware, thanks to tech from Mobeewave, which it acquired in 2020
Wall Street Journal:
Source: Meta-backed Diem Association is selling its technology to California bank Silvergate Capital, which serves crypto companies, for ~$200M
Sohee Kim / Bloomberg:
Samsung reports Q4 operating profit of ~$11.6B, up 53% YoY, on revenue of ~$63.8B, up 24% YoY, but misses with ~$8.9B net income, below the ~$9.2B expected
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