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Alessandro Cripsta

Good afternoon.

Impeachment watch

What comes after the iPhone?

Brexit deal reached

The EU and the UK agreed on a Brexit deal, but there are many hurdles ahead. Northern Ireland’s Democratic Unionist Party said it’s still not backing the deal, BBC reports. Their support is essential if Johnson wants to pass it through parliament on Saturday.

Brexit deal reaction as PM heads to EU summit - BBC News

We now have a hastily-agreed, last-minute deal, an agreement that would ensure a reasonably orderly British departure from the EU. But despite Boris Johnson’s fanfare, the devil’s in the detail. The Tory party’s own partner in this strange minority government, Northern Ireland’s DUP, won’t back this

We now have a hastily-agreed, last-minute deal, an agreement that would ensure a reasonably orderly British departure from the EU. But despite Boris Johnson’s fanfare, the devil’s in the detail. The Tory party’s own partner in this strange minority government, Northern Ireland’s DUP, won’t back this deal, making it unlikely it’ll get through Parliament.

The pound surged on Brexit deal news. It was a rollercoaster day for the sterling: It sank after the Democratic Unionist Party said it didn’t support the deal. It surged to $1.29 against the dollar after the EU and the UK announced a deal had been reached. It’s a five-month high.

The pound is rallying on a highly uncertain Brexit deal

The Brexit news is rippling through global markets, but the pound’s gain is fading and much remains uncertain. A key question is how much prime minister Boris Johnson can promise members of parlaiment to get his deal over the line. Devolved powers to Scotland and Northern Ireland, perhaps? And would that be enough?

The future of work

Is there age bias in your workplace? The “global lead of cross-generational intelligence” at software analytics company SAP spoke with Quartz on identifying and addressing ageism.

Is there age bias in your workplace? These simple exercises will tell you

I like the idea of someone tasked with “cross-generational intelligence”. Gender parity and good representation of ethnic minorities and LGBTQ at work are still important. Yet as we live longer, being inclusive on colleagues who are “older” is equally critical.

UK transit protests

The world in 50 years

What will we eat? “A lot more plants,” says scientist and author Bill Nye. Check out the predictions from artist and activist Mai Khôi, Andreessen Horowitz general partner Vijay Pande, transhumanist Zoltan Istvan, and more thought leaders.

The World in 50 Years: What will we eat?

First, what a great project Quartz has put together here. Second, eating will be determined by how fast the microprocessor evolves. If we become full cyborgs dependent on solar, etc, we could very quickly as a species lose our need for biological food altogether. That’s what the Singularity is sbout

First, what a great project Quartz has put together here. Second, eating will be determined by how fast the microprocessor evolves. If we become full cyborgs dependent on solar, etc, we could very quickly as a species lose our need for biological food altogether. That’s what the Singularity is sbout. Radical transformation. Super radical!

Surprising discovery

Marking 30 years of the web

The mysterious sounds that defined the early days of the internet. Before we were always online, logging on to the internet was a journey through sound. Here’s what those sounds actually meant.

A series of mysterious bleeps and bloops defined the early days of the Internet

The dial up sound was the soundtrack to a very distinct period in my life, and I never thought about that until I saw a video of the reactions of kids who had never heard it. I found this piece deeply satisfying for a question I never knew I had.

My dad worked on satellites when I was a kid, so my house was an early adopter of many things—including dial-up. I’d constantly request my dad “make the computers talk”—I was obsessed with the sounds modems made! I didn’t realize till I read this article how spot-on my childhood simplification was.

Come back soon!

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Music streaming service Spotify files for IPO

Music streaming service Spotify files for IPO

Read more on CNBC

From Our Members

  • With an IPO filing, some of the most revealing bits are the footnotes. In this case footnotes 4, 19, and 20. They all tell the same story: Spotify collects cash up front from customers and pays rights owners later. That’s a good thing.

    Is this a super competitive business? Yes. At least Spotify’s scale

    With an IPO filing, some of the most revealing bits are the footnotes. In this case footnotes 4, 19, and 20. They all tell the same story: Spotify collects cash up front from customers and pays rights owners later. That’s a good thing.

    Is this a super competitive business? Yes. At least Spotify’s scale is starting to be reflected in both improving margins and, perhaps even more importantly, positive working capital cashflow.

  • The difference between Spotify’s operating losses in 2017 and their actual bottom line is almost a billion Euros in so-called “finance costs.” For 2017, that number increased dramatically because 1) expense number from convertible notes issued in 2016 increased due to Spotify becoming more valuable

    The difference between Spotify’s operating losses in 2017 and their actual bottom line is almost a billion Euros in so-called “finance costs.” For 2017, that number increased dramatically because 1) expense number from convertible notes issued in 2016 increased due to Spotify becoming more valuable; 2) more warrants issued last year; 3) FX swings.

    For finance nerds who want to dig in more, check out Spotify’s F-1: https://www.sec.gov/Archives/edgar/data/1639920/000119312518063434/d494294df1.htm

  • Valuation seems to be over $23 billion. The company claims to have nearly twice as many paying subscribers as Apple Music.

    2017 Revenue $5 billion Operating losses $461.2 million

    2016 Revenue $3.6 billion Operating losses $425 million

  • I feel like I could rinse/repeat my comments today. Why IPO? Without a clear articulation of why, and why now, plus a clear path to diversified revenue, I’ll be sticking with the Microsoft stock.

  • And as the UFC says, "and HERE...WE...GO!!" Numbers aren't as bad as I expected, but heavy operating losses...

  • In a world of unlimited choice, curation is King. Even without proprietary hardware, if Spotify can continue to dominate playlists, I think it can maintain its edge.

  • I wonder if Spotify will eventually move to a more content creator model to hopefully offset and decrease its royalty fees (e.g., creating pod casts, signing musicians themselves, etc,)

  • It has begun