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Spotify Hits 138 Million Paid Subscribers as Music Streaming Demand Rebounds

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Article Highlights 

  • Spotify forecast total revenue in the range of EUR 1.85 billion
  • It expects premium subscribers in the range of 140 to 144 million for Q3
  • Revenue rose 13 per cent to EUR 1.89 billion

Spotify Technology said on Wednesday music streaming demand had rebounded from coronavirus-related weakness at the start of the quarter and its paid subscribers reached 138 million, ahead of Wall Street estimates.

However, the company’s quarterly revenue missed analysts’ estimates, hit mostly by a 21 percent fall in ad-supported revenue as the spread of the pandemic kept advertisers at bay.

Shares of the Swedish company, which have risen about 80 per cent since the beginning of this year, fell 3 percent to $253 (roughly Rs. 18,900) before the market open.

Spotify, which leads the market for music streaming ahead of rivals such as Apple and Amazon, earns from paid subscriptions and by showing ads to non-paying users.

Premium subscribers, which represent the vast majority of the organization’s income, were up 27 percent from a year sooner. Examiners on normal were anticipating that the organization should have 136.4 million paid endorsers, as indicated by IBES information from Refinitiv.

The world’s biggest music spilling administration additionally soothed financial specialists that individuals done driving to work would not have a profound enduring effect on its accounts and it will hit its entire year targets.

Quality in North America and different zones more than balance the moderate beginning to the quarter and the improved energy in the back portion of the quarter has proceeded into the second from last quarter, the organization said in a statement.

It anticipates absolute premium supporters in the scope of 140 million to 144 million for the second from last quarter, above desires for 141.4 million.

Spotify likewise gauge complete income in the scope of EUR 1.85 billion (generally Rs. 16,216 crores) to EUR 2.05 billion (generally Rs. 17,968 crores) for the second from last quarter. Investigators were expecting EUR 2.01 billion (generally Rs. 17,620 crores).

Income rose 13 percent to EUR 1.89 billion (generally Rs. 16,571 crores) for the three-months finished June 30, yet missed investigator evaluations of EUR 1.93 billion (generally Rs. 16,925 crores).

The total deficit owing to Spotify was EUR 356 million (generally Rs. 3,121 crores), or EUR 1.91 per share (generally Rs. 167), contrasted and 76 million or 42 euro pennies a year sooner. Experts were anticipating lost 45 euro pennies.

The more extensive misfortune was for the most part because of social charges – finance charges related with representative advantages in Sweden, which ascends with an expansion in share cost of the organization.

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PUBG Ban : Why are PUBG and COD not banned in India? Can It Be Banned in August 2020?

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PUBG has a different level of popularity among gamers. People can change their eating habits, can indulge in other entertainment activities but PUBG lovers can’t resist them by playing the game or so.

There are many versions of the game. Just after its launch, it got immense popularity around the world, especially in India.

When the Indian Government took action and banned some Chinese Apps due to the intense situation at Indo-China Border, Gamers were anxious that with Tiktok, Govt could ban PUBG too.

Just after this news, everybody started flooding the web with similar questions like Has PUBG banned in India, Can It Be Banned in the Near Future, and so on.

If you are also one of those PUBG lovers, Then this article might be a great help to you. 

Why are PUBG and COD not banned in India?

PUBG Mobile has been developed and is managed by the PUBG Corporation, a subsidiary of Bluehole, which is located in South Korea. After the initial success of the game, Tencent Games approached PUBG Corporation to distribute the game in China.

Soon after the game was a success in China, Tencent Games brought it to India.

PUBG Mobile: Fate in India

Recently, PUBG Mobile has also come under fire in India and it’s fate now hangs in the balance. The Ministry of IT and technology has just banned 47 more Chinese apps in India. These were banned on the grounds of lapses of data privacy.

Why PUBG is not banned in India yet?

  • PUBG says the data obtained from Indian users is stored on servers located in India. “Our servers are located in India.
  • Its support, engineering, and other teams located in offices around the world have access to the information of its users in some countries, but in the case of Indian players, it is located in India only.

After banning 59 Chinese apps last month, the Indian government has bought the hammer down on 47 more Chinese apps with 275 more in tow. 

The list of 275 apps includes PUBG Mobile too.

 

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Shopping Of Tiktok for Twitter will not be easy : Microsoft is Not Alone in The Race !!

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Shopping Of Tiktok for Twitter will not be easy

Twitter has engaged in a conversation with Tiktok, showing interest in Tiktok’s US operations.

Tiktok app purchases have started gaining momentum now. Till now, the Microsoft company was seen standing alone in the purchase deal of Tiktok’s American operations.

But now Twitter’s name has also been added to the shopping list. Micro-blogging website Twitter has also joined the Chinese short video making app Tiktok in the shopping spree.

Trump banned TikTok app

Let us tell you that US President Trump has recently passed an executive ordinance due to national security, instructing Tiktok to withdraw from America in 45 days. In this case, Tiktok’s parent company ByteDance will have to sign the deal within 45 days, because after 45 days, Tiktok’s parent company will be completely banned from financial transactions in the US.

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The path to Twitter is not easy

According to the experts of the case, shopping for Tiktok for Twitter will not be easy.

Actually the financial condition of the Twitter company is unfit compared to Microsoft. Twitter’s market capitalization is around $ 30 billion. In such a situation, it will have to take other companies to buy Tiktok, while Microsoft will not face any such challenge. Because of this, the Microsoft company seems to be at the forefront of the competition for Tiktok app purchases.

Tiktok banned in India before America

Let us tell that before the US, India first banned 59 Chinese apps including Tiktok. This decision was also taken by India due to its security concerns. Whether or not Tiktok’s Indian operations will be included in Twitter and Microsoft’s purchase deal. No information has been revealed about this at the moment.

WhatsApp Beta Users will Now be Able to Watch ShareChat videos in Picture-in-Picture mode

Stay Tuned !!

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WhatsApp Beta Users will Now be Able to Watch ShareChat videos in Picture-in-Picture mode

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WhatsApp has reportedly released ShareChat video support for Android and iOS beta users.

On WhatsApp v2.20.81.3 beta version for iOS and WhatsApp v2.20.197.7 beta for Android, all users will be able to watch Sharechat video in-app via a floating video, it works just like YouTube and Facebook video links. is.

In addition, the latest WhatsApp beta for iOS indicates that the messaging company is pursuing wallpaper customization in chat for users.

This means that whenever this feature will be made live, users can set different wallpapers in different chats.

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WhatsApp is enabling ShareChat video support

As reported by WABetaInfo, WhatsApp is enabling ShareChat video support in its most recent beta version for Android and iPhone.

Tracker informed that this feature will not be immediately available to all users, it may take up to 24 hours to reach all of them, after which users can use it.

As we mentioned, this feature will reportedly work on the WhatsApp v2.20.81.3 beta version for iPhone and WhatsApp v2.20.197.7 beta for Android.

Highlights

  • After the introduction of this feature, videos shared from Sharechat can be viewed by playing in WhatsApp itself.
  • Just like a Sharechat video will be shared on WhatsApp, the video box will appear in your chat with the Play button.
  • The video will start in picture-in-picture mode in WhatsApp as soon as you press the play button.

Features

Latest WhatsApp v2.20.90.21 has discovered all new things in beta. The new beta indicates that WhatsApp is working on a new multi-wallpaper feature.

Currently, this feature is under development.

But in the future, it will be made available to all users through updates. With the help of this feature, users can set different wallpapers in different chats.

PUBG Mobile Latest Update: First upgradable outfit Golden Pharoah X-Suit Introduced to the game.

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