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As Spotify prepares to go public, there’s no obvious solution to its shaky business model

“As the most popular and celebrated music streaming platform, the company has its share of boosters” writes Source Spotify for cnbc.com. Still, as it prepares to join public markets, albeit in a somewhat unusual form, it faces the same problem other internet companies have faced before — a balance sheet that’s deeply in the red, and a business model that doesn’t show an obvious way to profitability. Still, the company has some things going for it. Source: cnbc.com Share This:

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Why Trump Is Reluctant to Escalate the Cyber War With Russia

“There are honest reasons the Trump administration would want to proceed carefully, so as not to escalate a cyber war with Russia” writes Eli Lake for bloomberg.com. The cyber component, however, was left for the Trump administration to implement.That means offensive cyber operations designed to shut down, overwhelm or monitor the servers and networks Russia uses to hype fake news, hack Americans and sow chaos in U.S. politics.He proved he was willing to go further in 2016 than the established cyber contest between the U.S. and Russia. Source: bloomberg.com Share This:

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Apple Watch apps now track ski performance

“Due to an Apple Watch update that combines GPS and altimeter (altitude) measuring, ski apps are now able to quantify performance” writes Hour Ago Lucas for techcrunch.com. The new features are rolling out today, with Ski Tracks, Slopes, Snocru, Snoww, and Squaw Valley’s apps all getting updates.The app lets you track your vertical feet, distance, heart rate, and lets you know exactly how much time you’re spending skiing versus waiting in lines and riding lifts. Source: techcrunch.com Share This:

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Twitter Officially Launches Bookmarks for Saving Tweets

“All saved tweets are located under the “Bookmarks” option that can be accessed from a person’s profile icon menu.Twitter Bookmarks are private, so no one can see which tweets have been bookmarked, unlike the “Like” option, which, prior to Bookmarks, has been a preferred method of preserving tweets.The new Bookmarks feature was first introduced in October and was developed as part of a company-wide Hack Week” writes Day Ago On for macrumors.com. Only you can see your Bookmarks. pic.twitter.com/fM2QLcOYNF — Twitter (@Twitter) February 28, 2018 Twitter today announced the official…

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News Stocks 

Spotify files for direct listing on New York Stock Exchange

“Revenue for Spotify was 4.09 billion euros ($4.99 billion) in 2017, up from 2.95 billion euros a year earlier, the company said in the filing” writes Min Read for reuters.com. Besides saving hundreds of millions of dollars in underwriting fees, a direct listing frees company insiders from any lockup period restricting them from selling their shares following the listing.(Reuters) – Music streaming service Spotify on Wednesday filed for a direct listing of its shares, taking an unusual path to the U.S. public markets for a large company. Source: reuters.com Share This:

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Markets News Oil Stocks 

Stocks fall as S&P 500 closes out cruelest month in 2 years

“S&P 500 index funds snapped a record-setting run where they had made money for 15 straight months, including dividends” writes The Associated Press for seattletimes.com. Energy stocks in the S&P 500 lost 2.3 percent for the sharpest drop among the 11 sectors that make up the index.Not only was the month’s loss sharp, at 3.9 percent for the Standard & Poor’s 500 index, it was also the first in a long time. Source: seattletimes.com Share This:

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Perhaps to state’s delight, Trump vows not to prioritize wall on California border

“President Donald Trump seems to have done for California what a federal judge would not: halt plans for the border wall he has promised with Mexico” writes unknown author for seattletimes.com. In a 101-page opinion, Curiel wrote that the government had the authority to waive environmental laws and proceed with its border wall.California has opposed many of the Trump administration’s immigration policies, including his efforts to force “sanctuary cities” to comply with federal immigration operations.Congress has not authorized funding for the wall, and the Senate rejected four immigration bills this…

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Heads-up News 

Tokyo Trading Session Heads Up Wednesday, February 28, 2018

Tokyo opening news digest Exclusive: Top Hedge Fund Manager Philippe Laffont Thinks A.I. Will Transform Intel And Twitter Top performing hedge fund manager Philippe Laffont believes A.I. is driving turnarounds at Intel and Twitter, he exclusively said at Forbes and Shook Research’s Top Advisors Summit on Wednesday.   S&P 500 Ends a 10-Month Climb in February, GBP/USD Breaks and EUR/USD Readies Wednesday closed out the month of February and there was risk aversion to the session. US and global equities were under pressure alongside emerging markets,   Key Fundamental Factors…

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Women in IT Share Advice on Leveling Up in a Male-Dominated Industry

“That was the statistic that framed the Women in Enterprise Technology conference hosted here Wednesday by Work-Bench and Salesforce Ventures, where women gave advice on how to move up the ranks in a male-dominated industry, based on their own personal experiences” writes Sara Castellanos for wsj.com. Grace, who grew her team from 10 to more than 60 since she joined the company in 2015. Source: wsj.com Share This:

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Amazon’s HQ2 could bring local economy as much as $17 billion a year, new study says

“The $17 billion projection greatly leverages the $5 billion that Amazon said it would chip in for the project, which it believes will ultimately create 50,000 new high-paying jobs” writes Rachel Koning Beals for marketwatch.com. Read: Why Apple’s new campus and Amazon’s HQ2 won’t be neighbors The report also measures the impact of the headquarters’ construction, which could bring 50,000 jobs and $3 billion in wages on its own.Taken on its own, this phase of HQ2 would add a one-time tax revenue bonus of $110 million for the county, and…

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