Tech Brew Ride Home Mon. 07/13 – SiriusXM Makes the Biggest Podcast Acquisition Yet
Jul 13, 2020
SiriusXM is making waves by acquiring Stitcher and the EW Scripps Podcast Network for $325 million, shaking up the podcasting landscape. Concerns rise around TikTok's security, with Amazon walking a tightrope on the app's use. Meanwhile, investments flood into India's tech sector, with Google aiming to revolutionize digital access there. Innovations in drone technology take center stage, including Skydio's new X2 commercial drone. Lastly, Apple raises eyebrows with warnings about laptop camera covers, highlighting privacy issues.
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SiriusXM Challenges Spotify
- SiriusXM acquires Stitcher, the biggest podcast acquisition ever, for $325 million.
- This move positions SiriusXM as a major competitor to Spotify in the podcasting market.
Industry Impact of Acquisition
- Ashley Carman highlights the significance of SiriusXM's acquisition, noting their large subscriber base.
- She questions how this acquisition will impact the podcasting landscape, with potential competition against Spotify, Apple, and iHeart.
Amazon's TikTok Flip-Flop
- Amazon briefly instructed employees to delete TikTok from their devices due to security risks, then rescinded the request.
- This caused concern, but Amazon claims the email was sent in error.