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Toyota invests US $ 394m in flying taxi entrepreneurship
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(Bloomberg) – Toyota Motor Co. is making an investment of US $ 394 million in Joby Aviation, one of the few companies with the seemingly unlikely objective of manufacturing electric air taxis that transport people through city streets.
Toyota is the main investor in Joby’s $ 590 million Series C funds, along with Baillie Gifford and Global Oryx and previous sponsors Intel Capital,…
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Spotify hits 180M users but loses €394M in tepid Q2 earnings
Spotify hits 180M users but loses €394M in tepid Q2 earnings
Spotify is racing to sign up users before Apple Music can, even at the expense of its finances. Spotify’s second quarter as a public company saw mixed performance compared to estimate as it reached 83 million paid subscribers, up 40 percent year-over-year and up 8 million from its 75 million count last quarter. Spotify now has 180 million total users, coming in at the high end of its guidance…
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