Spotify paid $9 billion in royalties in 2023. Here's what fueled the growth
Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest "Loud and Clear" report.
Mar 19, 2024
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Business
Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest "Loud and Clear" report.
Mar 19, 2024
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Business
Joseph Ngono's face lights up with a smile as he looks at his smartphone, where a payment worth $830 has just appeared in his digital wallet.
Mar 12, 2024
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Business
Almost no matter what we do, we leave behind data about who we are. This is also true in banking. In many cases, this data is used in ways that are useful to us. For example, it's nice for 50-year-olds not to receive advertising ...
Mar 6, 2024
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Business
Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.
Feb 15, 2024
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Business
When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed by cryptocurrency bonds, American Corbin Keegan packed up his life in Chicago and headed for El Salvador.
Jan 31, 2024
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Consumer & Gadgets
You're in a crowded bar when a thief watches you unlock your iPhone with your passcode, then swipes it. That sinking feeling hits when you realize it's gone, along with priceless photos, important files, passwords on banking ...
Jan 25, 2024
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Security
A Russian man has been sentenced to more than five years in prison for his involvement in developing the Trickbot malware used to extort businesses, including hospitals during the COVID pandemic, the US Justice Department ...
Jan 25, 2024
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Business
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the ...
Jan 24, 2024
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Computer Sciences
Computer science researchers have developed a new way to identify security weaknesses that leave people vulnerable to account takeover attacks, where a hacker gains unauthorized access to online accounts.
Jan 22, 2024
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Security
Governments and businesses are not prepared for the havoc quantum computers will sow in cybersecurity by the end of the decade, according to an International Business Machines Corp. executive.
Jan 18, 2024
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A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:
Because of the important role depository institutions play in the financial system, the banking industry is generally regulated with government restrictions on financial activities by banks varied over time and by location. Current global bank capital requirements are referred to as Basel II. In some countries, such as Germany, banks have historically owned major stakes in industrial companies, while in other countries, such as the United States, banks have traditionally been prohibited from owning non-financial companies. In Japan, banks are usually the nexus of a cross-share holding entity known as the "keiretsu". In Iceland, banks followed international standards of regulation prior to the recent global financial crisis that began in 2007.
The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.
A Bank's main source of income is interest paid on loans. A bank pays out at a lower interest rate on deposits and receives a higher interest rate on loans. The difference between these rates represents the bank's net income. Banks also generate non-interest income from service fees for Retail and Business banking products, transactional fees, or other non-traditional services such as Trust and Wealth Management consulting, Insurance, Cash Management services, Mortgage loan closing costs and points.
This text uses material from Wikipedia, licensed under CC BY-SA