Amazon HQ2 Fallout, Spotify Buys Podcast Firms, Samsung Unveils New Wearables
TechCrunch's Daily Crunch covers Amazon canceling its New York HQ2 plans, Spotify confirming a $340 million podcast acquisition, and Samsung preparing to launch new sports wearables alongside the Galaxy S10.
Amazon cancels its plans for a New York City headquarters, sparking debate over the city's rejection of billions in tax incentives. While outside observers argue that New York politicians make a costly mistake, TechCrunch points out that the situation is complicated and criticizes both Amazon and the city for their handling of the deal.
Spotify confirms that it spends nearly $340 million to acquire podcast companies Gimlet and Anchor as it doubles down on audio content. Meanwhile, Samsung reveals a new lineup of wearable devices, including a sports smartwatch and AirPods-like earbuds, that will debut alongside the upcoming Galaxy S10.
Other notable tech news includes General Motors unveiling its new ARĪV electric bike brand and China's Didi laying off 15 percent of its staff amid stricter regulations. Additionally, Dubai airport briefly halts flights due to a nearby drone sighting, and a lockdown at Netflix's Los Angeles office ends peacefully with a suspect in custody.