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TikTok Parent ByteDance Sets Sights on Spotify With Music-Streaming Expansion
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TikTok Parent ByteDance Sets Sights on Spotify With Music-Streaming Expansion

TikTok parent ByteDance Ltd. has begun talks with music labels about expanding its music-streaming service globally to compete with industry leaders including Spotify Technology SA, according to people familiar with the discussions. Significant hurdles remain in the negotiations, the people said, but ByteDance wants the service to eventually be integrated within TikTok and to serve...

Peloton to Cut 500 More Jobs in Last Bid for Turnaround
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Peloton to Cut 500 More Jobs in Last Bid for Turnaround

Peloton Interactive said it plans to cut about 500 jobs, roughly 12% of its remaining workforce, in the company’s fourth round of layoffs this year as the connected fitness-equipment maker tries to reverse mounting losses. Chief Executive Barry McCarthy, who took over in February, said he is giving the unprofitable company about another six months...

Spotify Offers Audiobook Service With 300,000 Titles
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Spotify Offers Audiobook Service With 300,000 Titles

Listen to article (2 minutes) Spotify Technology SA said it will offer audiobooks starting Tuesday as the streaming giant aims to expand beyond music and podcasts. Spotify users will be able to purchase and listen to a catalog of more than 300,000 audiobooks from independent authors and major publishers, including titles by horror writer Stephen...