Spotify earnings, Bluesky hits 245K iOS downloads, Coinbase asks federal court to force clarity from SEC

Spotify Q1 results: revenue: €3B (+14% y/y, -4% q/q), operating loss: -€156M, FCF: €57M, MAUs: 515M (+22% y/y), paid subscribers: 210M (+15% y/y) - Link

Data.ai data: Bluesky, a Jack Dorsey-backed social network currently in invite-only mode, has ~245K downloads on iOS, with 50%+ downloads coming this month after its waitlist opened - Link

Coinbase is asking a federal court to force the SEC to answer its “petition for rulemaking” that it submitted last July; Coinbase also included 50 questions for the SEC, intended to provide “clarity and certainty” - Link

Slack launched Canvas, a shared docs tool that lives inside the company’s workplace chat app, intended to streamline collaboration - Link

CacheFly is a pure-play CDN, and they’ve been doing it for over 20 years. CacheFly makes CDNs simple, effective, and secure. Get 10 Terabytes free forever if you signup at twist.cachefly.com.

Tome CEO Keith Peiris joins Jason to demo Tome’s AI-powered text-to-presentation platform (10:25). They discuss concerns about the pace of AI and the prevalence of 10x engineers (35:55) before Velocity Growth’s Jen Bryan breaks down how to get started with paid ads (47:19). - Link

Axios sources: Earlier this month, Cybereason, a Boston-based cybersecurity startup, raised a $100M Series G from SoftBank at a >90% markdown; the company was last valued at ~$2.7B in 2021 - Link

Terraform Labs Co-Founder Daniel Shin and nine others linked to the project were indicted by South Korean prosecutors on charges including violations of capital markets law; so far, prosecutors have frozen ~$185M worth of assets - Link

FT sources: Microsoft agreed to stop automatically installing its Microsoft Teams collaboration software for EU-based customers of its Office suite in an attempt to discourage action from EU antitrust regulators - Link

A US appeals court upheld a ruling made in 2021 rejecting Epic Games’ claim that Apple’s rule against third-party app stores violates federal antitrust law - Link

This Week in Startups

E1727: Building generative AI for pitch decks with Tome CEO Keith Peiris

E1726: SpaceX's Starship launch, Tiger Global's 20% markdown + Ask Jason!

E1725: Startup pitch competition: Jason invests 25K

E1724: Building the future of VFX and video editing with Runway CEO Cristóbal Valenzuela

E1723: Google’s search engine “panic,” AI-generated hits, Coinbase considers leaving US market

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