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Amazon's Audible Braces For 'Storms Ahead': CEO Addresses Layoffs, Rising Spotify Competition
Thursday, January 25, 2024 - 9:23pm | 687In an internal all-hands meeting held on Wednesday, Audible, an Amazon.com Inc (NASDAQ:AMZN) unit, discussed potential future layoffs and the increasing competition from Spotify. This meeting reportedly comes two weeks after Audible reduced its workforce by 5%. What Happened: Audible CEO Bob...
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Spotify Takes On Amazon's Audible, To Let Premium Users Listen To 15 Hours Of Audio Books
Tuesday, October 3, 2023 - 11:46pm | 711Spotify Technology SA (NYSE:SPOT) introduced a new feature for its Premium subscribers on Tuesday, offering access to up to 15 hours of audiobooks each month from a wide selection of titles, including popular works such as Elon Musk’s biography written by Walter Isaacson...
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Amazon Thinks People Are Willing To Pay For Podcasts
Friday, July 8, 2016 - 10:04am | 362Apple Inc. (NASDAQ: AAPL) boasts hundreds of thousands of podcasts through its podcast app, and users have free access to all of them. On the other hand, Amazon.com, Inc. (NASDAQ: AMZN) will charge users $4.95 a month for Channels, a new on-demand audio service that offers ad-free original podcasts...