Earlier today, Harry Hurst shared the following message with his employees

A Message from Pipe Co-CEO Harry Hurst

It was less than three years ago that Josh, Zain, and I set out with an ambitious goal to build the world’s first trading platform for recurring revenue–letting founders, operators, and companies grow on their terms. In this short time, we’ve achieved so much together.

In partnership with you, our amazing team, we’ve put recurring revenue financing on the map and created a category and asset class that’s evolved globally. While it’s no easy task to build a company and scale so fast, we’ve done something exceptional–and we should be extremely proud of what we’ve accomplished.

Together we’ve been able to attract over 22,000 companies to our platform who have connected $7B of ARR to Pipe and have expanded internationally to the UK. This is an incredible feat and one I’m immensely proud of, and it’s only the beginning.

With this initial success, we have kept a close eye on building a sustainable business. We are well capitalized with over half a decade of runway and we are, by far, the definitive market leader in the space. We have a world-class team and a phenomenal product loved by our customers.

As we’ve grown at a lightning pace, I’ve always taken time to think about how best I can serve our mission in a way that continues to unlock my strengths as a founder, while ensuring the company continues to flourish. I’m a zero-to-one builder, not a hardcore operator. We need both. I know that in order to take this company to the heights we know it can reach, we need to continue to build a culture of operational excellence within our team and recruit leaders who have the experience to drive our ambitious vision for Pipe on a massive and even public scale, and that starts at the top. With this in mind, I have some important news to share with you.

I’m excited to announce that we will be welcoming a new CEO to Pipe soon. As part of this process, I will move from my Co-CEO position into a Vice Chairman role, where I’ll focus my attention initially on supporting the CEO search and transition. I’ll continue my work evangelizing Pipe’s mission among our customers and partners while advising the leadership team on long-term strategy and vision for the company.

One of the great advantages of having a Co-CEO that you’ve worked with for almost a decade is that you can build and grow together. There’s an indescribable level of trust in each other to do so. That’s what I have in Josh, who will be moving from Co-CEO into the CEO position in the interim. Josh will continue leading the internal organization as we double down on what our customers need from us as their capital and growth partner. Once the new CEO is announced, Josh will become Executive Chairman, with a continued focus on product and strategy. As part of streamlining our leadership, Usman will also be transitioning to the CTO role. He’s had a tremendous impact on our organization. Zain will also remain deeply involved, both at the board level and in his role as Senior Advisor.

I can assure you all that these changes are the result of meaningful deliberation and thoughtfulness, over an extended period of time, about how to position Pipe for success over the long term. We’re fortunate to be able to make changes from a position of strength, both structurally and financially. We’re taking all the right steps to expand our board and management team, so we can run hard at the opportunities ahead with the best-in-class leadership.

We’re blessed to have an amazing team, a strong customer base, and significant capital. We have kept our burn low, giving us the latitude to be thoughtful about these long-term impactful decisions.

Our highest priority is to take our significant lead in the market and leverage our strong financial position as we build toward our ultimate goal–to become the trading platform for all revenue.

It’s always been about building for decades and I can’t wait to see what this one brings.

Company Conducting Search for New CEO To Expand Pipe’s Market Leadership in Alternative Finance

Pipe Technologies Announces Strategy to Drive Business into Next Phase of Growth

Miami, FLA. – November 22, 2022  – Pipe, creator of the world's first trading platform for recurring revenues, and its Co-Founders Harry Hurst, Josh Mangel, and Zain Allarakhia announced several strategic decisions designed to best position the company for its next phase of growth.

 As part of the strategic plan, the Co-Founders today announced they have retained True Search to conduct a search for a veteran CEO with significant operational experience, proven leadership, and complementary skill set and perspective necessary to execute Pipe’s mission as it continues to scale.

Harry Hurst, Pipe’s Co-Founder and Co-CEO, is moving from his current position to Vice Chairman of Pipe to support the CEO search and transition. Co-Founder and Co-CEO Josh Mangel assumes the role of CEO and continues to lead the organization. Once the new CEO is announced, Mangel will become Executive Chairman with a continued focus on product and strategy. Usman Masood, currently the EVP of Engineering who has had a tremendous impact on Pipe over the past year, will become CTO. Allarakhia will also remain deeply involved, both at the board level and in his role as Senior Advisor.

In less than three years, Pipe has created the recurring revenue asset class and built a proven and highly active trading platform. Over 22,000 companies have signed up for Pipe and $7 billion of ARR has been connected to the platform. Over 50% of the trading volume on the platform comes from non-SaaS vertical markets including direct-to-consumer (D2C) subscriptions, streaming services, service-based businesses, and more.

Co-Founder Josh Mangel said, “Harry, Zain, and I launched Pipe because we knew there was another way – a better way – for businesses with recurring revenue to secure financing. In partnership with our amazing team at Pipe, we’ve put recurring revenue financing on the map. Today we are excited to announce our strategy to achieve our next phase of sustained, long-term growth.”

Co-Founder Harry Hurst remarked, “While the three of us will still all be involved in Pipe, of course, we acknowledge the company needs a veteran and experienced operational CEO to drive the business forward to even greater heights.”

In February, Pipe also closed its first acquisition of Purely Capital, a media and entertainment financing company, which now serves as the Media & Entertainment division on the platform to help producers, rights owners, and distributors drive immediate up-front revenue from their long-term licensing contracts from investment-grade streaming services and broadcasters, including Amazon, Netflix, and Disney. Pipe Entertainment is one of the fastest-growing verticals on Pipe’s platform.

“We have achieved a tremendous amount as a company in a short period of time and have helped entrepreneurs scale and grow their businesses on their terms,” said Hurst. “Pipe is well positioned, and unlike many companies in this challenging environment, we have the resources and half a decade of runway to make long-term, strategic decisions from a position of strength to ensure we are continuing to drive further value to our customers and investors. At this stage in Pipe’s lifecycle, it is critical that we have an operational leader with the experience to drive Pipe’s ambitions and long-term vision to scale, and I am excited for that person to usher in the next stage of growth and innovation for Pipe.”

“Access to non-dilutive operating capital is a significant challenge for businesses across industries, especially technology companies at every stage and size, and Pipe’s approach to unlocking the value of recurring revenue for companies is a game changer,” said Logan Allin, Managing Partner at Fin Capital. “Pipe is on an incredible trajectory, and we are grateful to Harry, Josh, and Zain for the vision and leadership that has established Pipe as the clear category leader. We’ve always been supportive of the founder's long-term ambitious goals and plans to bring on an experienced operational leader to continue the tremendous journey ahead.”

Pipe is a trading platform that enables entrepreneurs to grow their businesses on their terms. By treating revenue streams as an asset, Pipe allows companies to transform their revenue into up-front capital, instantly. For entrepreneurs, that means more cash flow for scaling their businesses without dilution. For investors, Pipe has unlocked the largest untapped asset class, revenue. Whether you're an entrepreneur or an investor - Pipe is growth on your terms. To learn more, visit 

With unlimited PTO, flexible working hours, and a globally distributed, remote-first team, Pipe rises to #4 in the sector. 

Pipe Named an American Banker Best Place to Work In Fintech for Second Year

For the second year in a row, Pipe has been recognized as one of the top fintech companies to work for. After coming in #6 on the 2021 list, Pipe moved up to the #4 spot on American Banker’s 

While remote work has been a challenge for many companies throughout the pandemic, Pipe publicly launched the world’s first recurring-revenue trading platform in June 2020 and has built a remote-first and fully distributed company from day one. That remote ethos has helped them attract and retain top talent from around the world, with team members currently distributed across North America, the UK, Eastern and Western Europe, Central Asia, and Australia. 

Between the 2021 and 2022 awards, Pipe’s team of “plumbers” grew from 30 to just over 100, with about half in the US and the rest distributed internationally. 

“Our intention has always been to build a truly remote team and understanding that we’re not trying to [just recreate] in-office norms,” said Anna Moghaddam, Director of People Operations. This has meant embracing people-first company norms, like flexible work hours, unlimited PTO, high-quality health benefits and family leave, and supporting work/life balance with company holidays and perks like “Summer Fridays.” 

“The flexibility and freedom our people have to be able to work from anywhere also means we [strive to] continuously raise the bar for our overall communication—company-wide and individually,” said Moghaddam.

Pipe has built a globally distributed team in order to find the best talent to build category-defining liquidity infrastructure for recurring revenue businesses. Pipe’s cash compensation package is based on a "work from anywhere” philosophy, giving employees the flexibility to live and work where they choose without impact on their pay.

“A major contributing factor to our remote success so far is that our people are not only excited about our product, mission, and vision, but the opportunity to collaborate with people from all over the world,” said Moghaddam. 

If you’re interested in learning more about career opportunities at Pipe, 

With unlimited PTO, flexible working hours, and a globally distributed, remote-first team, Pipe rises to #4 in the sector.

Pipe named an American Banker Best Place to Work In Fintech for second year

Pipe Named An American Banker Best Place to Work In Fintech for Second Year

Speaking with PYMNTS, Hurst, explored the opportunity for FinTech to step in and connect SaaS companies to financing by treating their subscription contracts as an asset class that can be bought and sold — a strategy, he noted, that brings the value of cash flow predictability to financiers.

Wielding SaaS’s Revenue Predictability For Faster Financing

A little over one year ago, Pipe raised a $6 million seed round led by Craft Ventures to help it pursue its mission of giving SaaS companies a funding alternative outside of equity or venture debt.

This Pipe-ing hot startup just raised $50M to be the ‘Nasdaq for revenue’ – TechCrunch

Pipe Technologies, the one-year-old platform for companies to trade monthly recurring revenue for upfront annual revenue from yield-seeking buy-side investors, announced a strategic financing round on Tuesday consisting of a who's who of individuals and companies to fuel the company's global expansion.

The 'Nasdaq' for trading recurring revenue gets backed by Benioff, Palihapitiya, Shopify

Pipe, creator of a first trading platform for recurring revenue streams, brought in $50 million in strategic equity funding to expand.

‘The Nasdaq For Revenue’ Startup Pipe Pulls In $50M Equity Round

Recurring revenue is rising as its own asset class and one that deserves a new financing model.

The Case for The Recurring Revenue Asset Class

“Software contracts are better than first-lien debt. You realize a company will not pay the interest payment on their first lien until after they pay their software maintenance or subscription fee. We get paid our money first. Who has the better credit? He can’t run his business without our software”- Robert Smith

Recurring Revenue: The Rise of an Asset Class

Today announce that Pipe has acquired Purely Capital, a media and entertainment financing company, and is launching a new Media & Entertainment division on the platform.

Pipe Expands into Media and Entertainment Financing with Purely Capital Acquisition

, creator of the world's first trading platform for recurring revenues, today announced that it has acquired Purely Capital, a media and entertainment financing company, and is launching a new Media & Entertainment division on the platform. This new division will help producers, rights owners, and distributors drive immediate up-front revenue from their long-term licensing contracts from investment-grade streaming services and broadcasters, including Amazon, Netflix, and Disney. The acquisition is a further step in Pipe’s mission to be the trading platform for any company with recurring revenues—regardless of industry—that’s looking to fund its growth on its own terms, without restrictive debt or dilution. 

Streaming services and broadcasters typically license content for two to five years from a production company, distributor, or other rights holder and pay quarterly installments over the length of the licensing period. Production companies and distributors are slowly drip-fed the revenues that they’ve earned, limiting their ability to invest in making or acquiring new content. At the same time, spending and demand for content are at an all-time high, driven by soaring subscriber growth on global streaming platforms. Streaming companies spent $220 billion on content in 2020 and an estimated $250 billion more in 2021—the acquisition of independently produced content accounts for 65.5% of the total spend.

Wayne Marc Godfrey, the founder and CEO of Purely Capital, has assumed the role of general manager of Pipe’s Media & Entertainment Division and has been joined by co-founder Dan Abrams and the rest of the Purely team who will help operate the new division. Wayne is a leading expert in entertainment financing and rights acquisition as well as a prolific film producer. Purely originated the purchases of over 250 titles from its customers, representing over $45 million in revenues. As part of Pipe, Wayne and his team can now further accelerate the business by connecting producers directly with Pipe’s institutional investors on the platform, with the capacity to now fund billions of dollars in revenues.

“Pipe has built the capital markets engine to connect recurring revenue-generating assets to institutional investors seeking yield,” said Harry Hurst, co-founder, and co-CEO, Pipe. “We are excited to announce the acquisition of one of the leading originators of these assets, Purely Capital. We met Wayne and his team a little over a year ago and have watched the incredible job they have done scaling their business with limited resources. Now, operating under the Pipe platform, we’re confident we’ll be able to continue to tap into this $250 billion/year market and provide a host of financing solutions and a truly category-defining service for the creatives and rights owners that make up this exciting market.”

With the acquisition of Purely, Pipe’s institutional investors will bid on producers’ long-dated revenue streams, providing up-front capital, and will be paid back over the course of the license period. This lets producers bridge funding gaps and deliver vital and immediate cash flow to creatives and rights holders. Content producers and distributors now no longer need to liaise with the accounts departments of major global businesses or wait years for the funds to kick start their next production or acquisition. For further information please visit 

“I am honored to be joining the Pipe team to empower media and entertainment companies to seize control of their long-dated revenues, accelerate the growth of their business, and stretch the boundaries of their creativity,” said Godfrey. “I’ve been passionate about finding new ways to help creators with their entertainment financing needs and long believed that the access to financing needed an overhaul in order to turbo-charge creators. Technology is the best solution for this. It drives nearly every other aspect of the entertainment industry, from how content is produced, to how it is distributed and consumed, and it only makes sense to bring finance into the digital age through the incredible platform that Pipe has built.”

Pipe is a trading platform that enables entrepreneurs to grow their businesses on their terms. By treating recurring revenue streams as an asset, Pipe allows companies to transform their recurring revenue into up-front capital, instantly. For entrepreneurs, that means more cash flow for scaling their business without debt or dilution. For investors, Pipe has unlocked the largest untapped asset class, revenue. Whether you're an entrepreneur or an investor - Pipe is growth on your terms. To learn more visit 

Creator of the world's first trading platform for recurring revenues, today announced that it has acquired Purely Capital, a media and entertainment financing company, and is launching a new Media & Entertainment division on the platform.

To make this a reality Hurst, and co-founders Josh Mangel and Zain Allarakhia founded Pipe Technologies in 2019, and in February launched a platform where SaaS founders could sell quarterly or annual subscriptions to bankers looking for alternative high yield investments.

Platform offers new way to finance SaaS companies — without the equity dilution

US platform says it is expanding beyond tech companies into other sectors.

Pipe to move into securitisation as it hits $2bn valuation

Investor line-up includes Next47, Raptor Group, Shopify, Slack, HubSpot, Chamath Palihapitiya, Marc Benioff, Alexis Ohanian and Joe Lonsdale

Pipe raises $50 million to unlock revenue as an asset class

The subscription financing platform enables companies to turn their monthly or quarterly subscriptions into upfront cash flow.

Pipe Pulls In $250M Equity Round For $2B Valuation, Lays Foundation for Expansion

Pipe, a company that has built a trading platform for recurring revenues, has secured $250 million in strategic equity funding, reaching a $2 billion valuation after publicly launching less than a year ago.

Pipe, “NASDAQ for revenue,” reaches $2B valuation with $250M investment

Pipe It! Platforms, Funding, and the Future

The buy marks the first acquisition for the buzzy fintech, which aims to be the 'Nasdaq for revenue'

Pipe expands into media and entertainment financing with its acquisition of Purely Capital

Building a new asset class and helping subscription businesses raise money smarter

Pipe: Business-Funding Fit

SaaS subscriptions are a highly predictable source of recurring revenue, and Pipe helps SaaS companies turn their monthly or quarterly subscriptions into upfront cash flow, Hurst said. Its goal is to offer SaaS companies a way to grow without diluting their current cap table.

Pipe Brings In $60M Seed Extension To Power SaaS Financing Platform

AngelList, a U.S. website for startups, angel investors, and job-seekers looking to work at startups, and Pipe, a fintech that has built a trading platform for recurring revenues, have partnered up to let general partners immediately access management fees.

Pipe and AngelList want to advance your management fees in new partnership

Pipe has brought on a laundry list of high-profile investors, including Shopify, Slack, and Michael Dell's investment firm MSD Capital.

Pipe, a venue for companies to get cash up front for their subscription revenue, just raised $50 million from high-profile investors like Chamath Palihapitiya and Marc Benioff

Pipe has raised $6 million in seed funding led by Craft Ventures. Their goal is to offer SaaS companies a way to grow without diluting their current cap table.

Pipe, A Financing Platform For SaaS Companies, Raises $6M Seed

Founders of rapidly-scaling software-as-a-service (SaaS) startups must always consider how they will finance their growth.

Pipe, A B2B SaaS Financing Platform, Raises $6M From Craft Ventures To Help Growing Startups Avoid Dilution

At the end of March, TechCrunch reported that buzzy startup Pipe — which aims to be the “Nasdaq for revenue” — had raised $150 million in a round of funding that values the fintech at $2 billion.

More funding flows into Pipe, as buzzy fintech raises $250M at a $2B valuation

Up until now, founders have only two things to sell as they raise capital to fund their business: they can sell equity, and take expensive dilution, or they can sell debt, and take on covenants and other handcuffs. Pipe creates a new asset class to sell: the software subscription.

It's Not Debt, It's Better: an Interview with Harry Hurst of Pipe

Ryan Zauk sits down with the amazing Harry Hurst, Co-Founder & CEO of Pipe, a company unlocking revenue as an asset class (and disrupting fundraising forever).

Harry Hurst, Co-Founder & CEO of Pipe: Building the NASDAQ for Revenue & Achieving the American Dream!

A US start-up led by a British entrepreneur that lets businesses sell their recurring revenues on its platform has launched in the UK.

Fintech start-up Pipe launches in Britain

Pipe, which is behind a platform that allows users to treat their recurring revenue streams as assets, meaning they can unlock capital to upscale their businesses, is getting into the entertainment space.

Finance Company Pipe Acquires Media & Entertainment Outfit Purely Capital

A business world gone suddenly virtual played to the strengths of fintech companies. After all, they are built on digital alternatives to analog processes, from making loans to trading securities.

Best Fintechs to Work For 2021

, while 15% of US consumers and 17% of global consumers said they weren’t sure if they would even purchase gifts this year. 

Salesforce further predicts that while stores with 

 are poised to grow online sales 1.5x faster than those without, they will also feel the pinch on 

—especially as workers could face a nearly 200% increase in “costs to work” (think clothing, gas, etc.), and the expected seasonal bumps in retail pay could “eat directly into margins if not managed effectively.” 

 brought in less than $1 billion in sales for the first time since July 2021. Nevertheless, KBV Research analysts—citing an increased global interest among artists and companies to embrace Web3 (including 

 will continue to grow and reach a market value of £84 billion (~$100 billion) by 2028. 

is scaling back its live commerce plans in Europe and in the US. Citing unnamed sources, the 

—was slated for Germany, France, Italy, and Spain during H1, and later in 2022 in the US.

 is testing a feature that automatically turns 

as part of the app’s ongoing efforts to “simplify and improve the video experience.” Currently, the test is being conducted globally among select users. It’s unclear whether Instagram has plans for a wider rollout.

Most marketers (69%) are budgeting more for 

now than prior to the pandemic. Whether on 

, influencers have become essential to some of the largest marketing organizations in the world, filling a role to pitch products and closing creativity gaps left by the 

’s “brain drain” as many of its creatives turn to freelance or tech platforms. 

 is testing a feature that would allow users to 

 to viewers who are 18 years of age and above. The new setting—which comes after both an October 2021 congressional hearing and a subsequent February 2022 policy update to make the platform safer and more secure for younger users—is intended to help creators prevent minors from encountering content that may not be 

 have plummeted to $1.57 (0.0013 ETH) after sitting at an average of $40 for nearly two years and peaking on May 1 this year at over $196. Gas fees are necessary to complete on-network transactions and had been rising; after 

 gained sudden popularity, fees surged further. Now that both cryptocurrencies and NFTs have experienced drops, gas fees have come down with them. 

 following a ruling made by the Copyright Royalty Board (CRB). For artists that means an increase from 10.5% to 15.1%. The determination covers the 2018–2022 streaming period; 

(that is, the five companies who pay out 96% of these types of royalties) are fighting to delay retroactive payments.

 are closing at a rate of two per week, with over one-fourth of all newspapers (most of them weeklies) having closed since 2005 and the figure expected to grow to one-third by 2025. At the end of May, the country had 6,377 newspapers and 31k newspaper journalists, down from 8,891 newspapers in 2005 and ~75k newspaper journalists in 2006. 

Grown-ups like fun too: A 2021 Toy Association survey found 58% of 

 had purchased toys, games, and collectibles not just for the kids but for themselves. Of those respondents, 65% bought 

. This collective embrace of play and nostalgia is also reflected in the rise of products like “grown-up-sized Razor scooters, artsy Lego sets, and a $105 Barbie dressed like David Bowie.” 

 this year. The sum doubles its 2021 total ad revenue—a milestone helped along by securing the Super Bowl and the Olympics back in February, plus a deal in April for 18 Sunday morning MLB games. The service entered Q2 with 28 million active US accounts and 13 million paid subscribers. 

 service. Just Eat Takeaway, which purchased Grubhub last year for $7.3 billion, continues to explore a partial or full sale of the company. 

: 48% of consumers say videos are a swaying factor, while 51% say customers’ videos sharing product opinions are the “

” content a seller can offer. Category-wise: 81% said videos helped inform 

purchase decisions, 38% said videos helped enhance their perception of 

Edition-#27

) from a projected $2 billion in 2022 to $23 billion in 2023 following the launch of in-app stores. The news comes as analysts estimate the tech giant will bring in $12 billion in revenue this year—if that figure is reached, it would be bigger than Twitter and Snap combined.

exclusive access to discounts and early releases if they link 

 to a merchant’s store. In other words, the e-commerce company is thinking of NFTs as “a kind of loyalty card.”

, high interest rates, and technology stocks experiencing a slump have taken the wind out of 

sails, and also sales… Launched in 2015 to commemorate the retailer, it was hyped as offering “more deals than Black Friday.” The 

 last year was $54.15, a dip from $58.77 in 2019, and sales that once upon a time increased 65% YoY during the event are anticipated to go up “just” 17% to $7.8 billion this year. 

 once it arrived. Most respondents said they would be more likely to purchase clothing after such a test—with 60% or more saying the same for retail, beauty products, travel, and food and beverage items.

 CEO Mark Zuckerberg recently stated that within the decade the company aims to “get to around a 

 doing hundreds of dollars of commerce [each],” a goal that the executive said follows the reality that “it’s going to take a while” for the metaverse to scale and for that to translate into significant business. But, added Zuckerberg, “that’s the north star.”

 is collaborating with University of Texas at Austin researchers on 

 that could result in more realistic-sounding 

. These three newly announced AI models are “designed to make sound more realistic in mixed and virtual reality experiences,” and are an effort to make sound and presence as much of the metaverse’s focus as its visuals.

, a US video game publisher and device manufacturer, filed a 

in “the coming months” have a noticeable 

,” which will allow users to connect in “smaller, more casual settings.” The announced feature set—which even boasts a purple color similar to Discord—follows a recently leaked memo indicating that Facebook is 

 has grown 30% from Q4 2021 with total advertisers contributing to that spend up 21% QoQ. Much of the spend has gone toward 

, with 74% of advertisers directing funds exclusively to the platform. Ad spend is up 57% to $482 million for YouTube-exclusive campaigns, while it’s down 56% to $63 million for non-YouTube campaigns. Advertisers are spending $5 billion on 

 that run on YouTube as well as other online video platforms.

 were almost entirely pre-roll ads (97%) and only 2% ran longer than 30 seconds, while 28% and 42% of 

 were mid-rolls and post-rolls, respectively, and 17% ran longer than 30 seconds. 

 so far this year, surpassing the total Series B funding for three of the past five calendar years. San Francisco-based AI research company Anthropic has so far claimed the year’s largest B round at $580 million. 

. In 2021, six of the 100 most-watched primetime broadcasts were news programs, while 61 were sports broadcasts, including 37 NFL games. An analysis by MoffettNathanson last year noted that most of the

—aka the trend of folks moving to streaming—“appears to be from consumers who aren’t self-classified as sports viewers.”

 push ad tiers to encourage subscriber growth, 

—now a $23 billion industry—remains one of the only ways to ensure audiences pay attention to what brands are selling, even if subconsciously. To boot, a recent Fast Company survey found that 74% of 

According to a new PricewaterhouseCoopers report, a market-growth slowdown is forecasted for 

 over the coming five years, despite the sector seeing growth of 35.6% in 2020 and 19.9% in 2021. Even with the slowdown, the ecosystem is expected to become a $40.4 billion industry by the end of 2026.

. Today, that number has dropped to 15%, with 67% reporting they now consume their news via 

 sources and 42% reporting they specifically get it from 

were feeling the effects of this shift for quite some time, and the numbers underline that—in 2022, only nine papers sell 100k 

. The top 25 newspaper circulations tumbled an average of 12% YoY.

, Snapchat+, that will charge subscribers for access to experimental, pre-release, and exclusive features like app icon customization, BFF pinning, and the ability to see who has rewatched Stories. The service will be available in multiple countries, though power users everywhere opting into the paid feature set still won’t be able to turn off ads—an option users have been requesting and are seemingly willing to pay for.

a key role in overseeing bitcoin markets. The decision represents the potential for wider availability and less oversight, because securities can only be legally sold by merchants who have registered with the SEC and follow strict disclosures. 

 fell from 204.5 to 132.07 terawatt-hours between June 8 and June 25. The cryptocurrency’s price peaked in November 2021 around $69k, and as of this writing is resting at ~$19k. Still, even with its electricity use plunging, its energy consumption remains equal to the entire country of Argentina.

Edition-#26

 are projected to bring in ~$19 billion in 

 this year from both free apps and ad-supported subscriptions, growing their revenue more than 2x from 2020. 

 is on its way. With its stock down ~50% since announcing major subscriber loss earlier this year, the streaming giant had been exploring the possibility as a way to offer a lower cost option to customers—and has now reportedly met with 

, China’s highest valued tech company, has traditionally focused on social media, messaging, and gaming. It’s now created an 

, leading many to conclude the company is planning to enter the metaverse space. 

, a game developer it acquired three years ago, signaling further retreat from gaming and a win for Tencent, which dominates China’s mobile gaming industry. 

to date this year has totaled $293.1 billion across 560 vehicles, a slowdown from 2021. However, when compared to 2021’s $1.3 trillion raised across 3,392 funds, the YoY pacing differential may not be as dire as many analysts predicted.

 can now display location, operational hours, and contact info on their 

. The new feature is available for Twitter Professional account users in the US, UK, Canada, and Australia.

 have yielded a prototype that can create avatars using the depth sensor on a smartphone’s front-facing camera. The avatars can depict ~65 facial expressions after three-and-a-half minutes of scanning (plus multiple hours of rendering). 

 has inked a multimillion-dollar, multiyear deal with 

—a food- and travel-related content network—to create 50 new TV shows with ~20 episodes each, plus other live videos and events. 

 has secured a 10-year streaming rights deal with 

 (Major League Soccer) that will begin in 2023—and the tech giant is reportedly paying ~$250 million per year for package rights. The deal will see the 

 become the exclusive streaming home for every live MLS game without local broadcast blackouts or restrictions. MLS remains in negotiations with ESPN, FOX, Univision, and Canada’s TSN and TVA for linear TV viewers.

 (Paramount Global and India’s Reliance Industries’ partnership) for the exclusive rights to broadcast 

20 million subscribers as a result, setting it back in its goal of reaching 260 million subscribers by 2024. 

(up from $7.5 billion in a previous projection), with 

on a trajectory to hit $11.6 billion (up $1 billion), and 

 climbing to $89.3 billion and ~$38.3 billion respectively. The firm cites increased paid and ad-based streaming revenue, physical sales (specifically vinyl), and performance revenues as growth drivers. Further, the investment bank anticipates paid streaming 

 (average revenue per user) of $45.80 per year across 1.26 billion users paying for music streaming 

. Goldman concludes music is “under-monetized,” with spending still 40% below its historical peak.

. The plans include the company not taking a revenue split until 2024, a subscription integration for 

, the ability to monetize and cross-post Reels, and an Instagram 

brands more easily discover content creators

, a feature that enables users to directly publish 

utilizing rich formatting and uploaded media, and which “can be read on and off Twitter.” A “small group of writers” is testing the feature, which is expected to launch in the next few weeks.

 by April 2023. Belgium, South Africa, Chile, Nigeria, and Colombia are reportedly in consideration for the retail giant starting in late September, and would join the current list of 20 countries where 

 have access to Amazon’s fulfillment services.

. The integration comes after the introduction of 

, and a “Product Drops” feature. According to Shopify, orders placed through partner integrations like Twitter’s quadrupled in Q1 2022.

 (up from 11% in 2015), according to a recent Gallup poll. While respondents were more likely to browse and check prices on their smart phones (46%) than on desktop (36%), for actually making purchases, they were evenly split. 

” when it comes to reducing the disposition towards 

—and “smartphone addiction was lower among those who had been listening to podcasts for more years.”

-related podcasts—between the ages of 18 and 24, there’s been a 62% uptick in listening to the genre in the last year alone. As well, a BetterHelp report found that 67% of Gen Z respondents use audio—including podcasts and music—“to cope with stress and anxiety.” 

Cosmopolitan magazine’s latest digital issue

, an image generator that can draw up an original image from a simple text prompt. (The prompt for the cover included a description of a female astronaut “swaggering” toward the camera “on Mars in an infinite universe”—in the style of “synthwave digital art.”)

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