👋 I'm the Managing Editor here at Hacker Noon. I also make podcasts and write stories.
I read the news so you don't have to: Spotify has launched a co-listening product stream so that you can listen to the same song with anyone, anywhere, in-sync; big surprise: Facebook bought Giphy for the data; both Europe's budget airline Ryanair and Uber are laying off a bunch of people; and France and Germany are pushing for a $545bn coronavirus relief fund.
👾 what the tech
"Last week Spotify launched a global co-listening experiment with the aim to connect people through music. When you use Listening Together you get paired up with someone across the world to listen to the same song in sync, and you can travel around digitally to see what people in other countries are listening to. Spotify also recently launched group sessions so you can share DJ duties with your friends at a safe social distance."
"When Facebook confirmed that it had acquired Giphy last week for a cool $400 million, the reasons weren’t immediately apparent. Giphy has only the seeds of an advertising business, and GIFs aren’t a revolutionary advertising product. Mark Zuckerberg has a habit of knowing where the puck is going, but his company will have some real work ahead of it to make Giphy an advertising powerhouse. Still, the purchase may be worth it just for the insights it could yield about what web platforms people are visiting and what they’re sharing there."
😷 coronavirus coverage
"France and Germany are proposing a €500bn ($545bn; £448bn) European recovery fund to be distributed to EU countries worst affected by Covid-19. In talks on Monday, French President Emmanuel Macron and German Chancellor Angela Merkel agreed that the funds should be provided as grants. The proposal represents a significant shift in Mrs Merkel's position. Mr Macron said it was a major step forward and was 'what the eurozone needs to remain united'."
"Ryanair is planning to cut 3,000 jobs and reduce staff pay by up to a fifth in response to the Covid-19 crisis, which has grounded flights. The no-frills airline said it was cutting 15% of its 20,000-strong workforce as it did not expect passenger numbers or pricing to return to pre-coronavirus levels until summer 2022 at the earliest. As part of a programme of sweeping cost cuts, Ryanair said it could close a number of bases across Europe until air travel recovers."
"Uber Technologies Inc. is cutting several thousand additional jobs, closing more than three dozen offices and re-evaluating big bets in areas ranging from freight to self-driving technology as Chief Executive Dara Khosrowshahi attempts to steer the ride-hailing giant through the coronavirus pandemic. Mr. Khosrowshahi announced the plans in an email to staff Monday, less than two weeks after the company said it would eliminate about 3,700 jobs and planned to save more than $1 billion in fixed costs."
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