Snapchat Files for IPO

Snapchat

Snap Inc., the parent company for Snapchat, has filed for an IPO:

Snap today filed its S-1 paperwork with the Securities and Exchange Commission (SEC), triggering the process to go public. The company aims to raise $3 billion in the initial public offering (IPO) and will subsequently trade on the New York Stock Exchange under the symbol SNAP.

The filing also discloses that Snapchat paid $158 million to their ousted co-founder Reggie Brown:

As part of the settlement, Snap said it agreed to pay Brown a total of $157.5 million in cash, $50 million of which was paid in 2014 and $107.5 million of which was paid in 2016. The settlement ended up being much less than the $500 million Brown originally asked for.

Snapchat has been arguably the most interesting new startup in years, now the question is: will it be the next Facebook and dominate or the next Twitter and struggle to find its footing?

Spotify May Delay IPO

TechCrunch is reporting that Spotify may delay it’s IPO until 2018:

TechCrunch has heard from multiple sources that the company is now weighing a plan to delay an IPO until 2018. The delay would give Spotify more time to build up a better balance sheet and work on shifting its business model to improve its margins, one source said.

Bandcamp to Donate Profits on Friday to ACLU

Bandcamp

Bandcamp have announced that for any purchase made on the service this Friday, the service will donate 100% of their share to the ACLU:

It is an unequivocal moral wrong, a cynical attempt to sow division among the American people, and is in direct opposition to the principles of a country where the tenet of religious freedom is written directly into the Constitution. This is not who we are, and it is not what we believe in. We at Bandcamp oppose the ban wholeheartedly, and extend our support to those whose lives have been upended.

And so on Friday, for any purchase you make on Bandcamp, we will be donating 100% of our share of the proceeds to the American Civil Liberties Union, who are working tirelessly to combat these discriminatory and unconstitutional actions.

Don’t forget you can also donate directly to the ACLU. I’ve got a repeating monthly donation scheduled.

Billboard to Add Pandora Streaming Data to Song Charts

Billboard

Billboard has announced they will start adding in Pandora streaming data to their song charts:

Billboard and Pandora today (Jan. 30) announced an exclusive agreement that will add influential Pandora streaming data to the Billboard Hot 100, the world’s preeminent songs chart. The Hot 100 ranks the week’s most popular songs across all genres, determined by a formula blending track sales, radio airplay and streaming, as measured by Nielsen Music, now along with Pandora’s exclusive streaming data, as well.

Prince’s Estate Nearing Streaming Deals

Prince

Billboard is reporting that Prince’s catalog may becoming back to streaming services after the Grammys:

A likely scenario would see a TV commercial air during the Grammy broadcast following the tribute, which would announce that certain songs are immediately available on Spotify, Apple Music and possibly other services. The source tells Billboard that publishers, performing rights organizations and at least one label have been alerted to an impending deal.

Jerry Finn’s Studio Gear to Go Up for Sale

A selection of Jerry Finn’s studio gear will go up for sale in February:

Starting Wednesday, February 1, Reverb and Techno Empire will launch a shop featuring over 200 pieces of Jerry Finn’s recording equipment including pro audio, amps, and effects pedals, many of which were used on some of the most important pop–punk albums of the last two decades.

SetApp: Subscription Based App Store

Apps

SetApp is a new subscription plan for the Mac that gives you access to a bunch of different apps for a monthly fee:

Setapp gives you a growing suite of hand-picked apps in one signup. There’s no store — just a folder on your Mac, and no hidden costs — just a flat monthly fee. It’s simple, like shortcuts should be.

I’ve used quite a few of these apps over the years, and there’s some good stuff in there. Personally, I like owning the software I use and prefer one time payments for a handful of apps I obsessively pick, but this is an interesting alternative. Worth looking at if you wanted to try out some new apps at least.

Net Neutrality Is Probably in Trouble

Brian Feldman, writing at New York magazine on Ajit Pai, the new head of the FCC:

The net-neutrality debate is about whether one class of private entities, ISPs, should be regulated in order to allow millions of other private entities, users and businesses operating online, to operate freely. Pretty much everyone agrees that they should — except for the ISPs … and Ajit Pai. Pai even wrote a 67-page(!) dissent when the order was adopted. Even Google and Facebook support the principle, in part because they often buy up the smaller startups that flourish on an unfettered internet. Imagine an internet where, rather than buying Instagram for $1 billion, Facebook instead paid for a fast lane and forced Instagram out by other means.

As the proprietor of a relatively small internet website with a razor thin budget, and as a fan of the open internet, I’m not super happy about this.

‘1984’ Rises to Top of Amazon Charts

amazon

George Orwell’s classic, 1984, has recently shot up the Amazon charts.

On Tuesday evening and Wednesday morning the book was #1 on Amazon’s computer-generated list of best-selling books. The list reflects hourly book sales.

The 68-year-old novel appeared on the list on Monday, hovered around the #6 spot for much of the day, rose to #2 by Tuesday afternoon and then hit #1.

Lousy Ads Are Ruining the Online Experience

Walt Mossberg, writing at The Verge:

The excessive length and lackluster content of that football ad is but one example of the poor use of ads all over the internet. And that situation is behind the rise in ad-blocking software and the quiet concern about business models at some content sites.

Too often poorly executed, annoying, code-heavy, privacy-invading ads clutter websites and apps — especially on mobile or the News Feed on Facebook, where content increasingly is consumed without requiring the reader or viewer to even visit the originating site.

And:

About a week after our launch, I was seated at a dinner next to a major advertising executive. He complimented me on our new site’s quality and on that of a predecessor site we had created and run, AllThingsD.com. I asked him if that meant he’d be placing ads on our fledgling site. He said yes, he’d do that for a little while. And then, after the cookies he placed on Recode helped him to track our desirable audience around the web, his agency would begin removing the ads and placing them on cheaper sites our readers also happened to visit. In other words, our quality journalism was, to him, nothing more than a lead generator for target-rich readers, and would ultimately benefit sites that might care less about quality.

Holy shit.

Why I’m No Longer a Punk Rock ‘Girl Girl’

Kristy Diaz, writing at Track Seven:

I was the punk rock version of the ‘cool girl’ trope for years.

The punk rock cool girl likes real music. Good music. Proper music. She’s into the latest hot hardcore band playing to 15 people right now. She knows every word to The Shape of Punk To Come. She doesn’t listen to pop music, or dance music, or stuff that Other Girls like. Her favourite Braid record is the Correct One. She only sings along to Panic! At The Disco ironically. She can hang out with your musician mates and hold her own in a conversation, but she won’t point out the ways in which even punk rock, this glorious utopia we inhabit, has the capacity to oppress.

And, much like the original concept, she’s not real.

Preserve, Protect, and Defend

David Remnick, writing for The New Yorker:

The reason so many people are having fever dreams and waking up with a knot in the gut is not that they are political crybabies, not that a Republican defeated a Democrat. It’s not that an undifferentiated mass of “coastal élites” is incapable of recognizing that globalization, automation, and deindustrialization have left millions of people in reduced and uncertain circumstances. It is not that they “don’t get it.” It’s that they do.

Since Election Day, Trump has managed to squander good faith and guarded hope with flagrant displays of self-indulgent tweeting, chaotic administration, willful ignorance, and ethical sludge. Setting the tone for his Presidency, he refused, or was unable, to transcend the willful ugliness of his campaign. He goes on continuing to conceal his taxes, the summary of his professional life; he refuses to isolate himself from his businesses in a way that satisfies any known ethical standard; he rants on social media about every seeming offense that catches his eye; he sets off gratuitous diplomatic brushfires everywhere from Beijing to Berlin. (Everywhere, that is, except Moscow.)