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Why is streaming giant Spotify under the spotlight?

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Streaming giant Spotify is under the spotlight, with musicians protesting against its new tech, that enables monitoring of its users.

Streaming is a billion dollar industry… with Spotify one of the biggest global names in the business.

Earlier this year, Spotify looked to approve new technology that could monitor and record users’ speech and background noise to help curate and recommend music.

Spotify claims this new tech can detect emotional state, age, gender or accent to recommend the music.

Does this sounds like a violation of human rights, privacy and not to mention discrimination against artists. 

Streaming expert Andrew Kwan says…. its not fair to users or musicians.

Now, over 180 musicians, a coalition that includes big brands and human rights organizations are protesting this.

One of the artists says “Instead of wasting money developing creepy surveillance software, Spotify should be focused on paying artists a penny per stream and being more transparent about the data they’re already collecting on all of us.”

Kwan says musicians are struggling to survive on platforms like Spotify as it is.

So if streaming is the future? what platforms will we see next?

Well ticker news is already on board.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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