Spotify makes a bunch of bulletins, Netflix introduces an intriguing new function and Clubhouse faces safety issues. That is your Day by day Crunch for February 22, 2021.

The large story: Spotify pronounces a high-end subscription

Spotify listeners will get the possibility to pay for higher-quality audio when the streaming service launches a new tier that it says will supply “CD-quality, lossless audio.” The pricing and launch date have but to be introduced, however Spotify HiFi will, unsurprisingly, value greater than Spotify Premium and be marketed as a Premium add-on.

That was in all probability the largest information that Spotify made at right this moment’s “Stream On” occasion, the place it additionally introduced an audience development tool for artists, an audio ad marketplace, continued international expansiona podcast co-hosted by Barack Obama and Bruce Springsteen and a test of paid podcast subscriptions.

The tech giants

Netflix launches ‘Downloads for You,’ a new feature that automatically downloads content you’ll like — After turning on the function for the primary time, you’ll be capable of choose the quantity of space for storing you need to dedicate for these really helpful downloads.

Twitter explored buying India’s ShareChat and turning Moj into a global TikTok rival — In keeping with sources, Twitter provided to purchase the five-year-old Indian startup for $1.1 billion.

Startups, funding and enterprise capital

EquityBee raises $20M to help startup employees actually afford their stock options — EquityBee CEO Oren Barzilai says his firm’s mission is to assist educate startup workers on the that means of their inventory choices, in addition to present them with funds to have the ability to buy these choices.

Splice gets $55M for its software bringing beats from bedrooms to bandstands — Splice gained a following for its capacity to assist digital dance music creators save, share, collaborate and remix music.

A race to reverse-engineer Clubhouse raises security concerns — The truth that it takes programmers little effort to reverse-engineer and fork Clubhouse is sounding an alarm in regards to the app’s safety.

Recommendation and evaluation from Additional Crunch

If Coinbase is worth $100B, what’s a fair valuation for Stripe? — We dig into Coinbase’s 2019 and 2020 monetary efficiency.

Bain’s Matt Harris and Justworks’ Isaac Oates to talk through the Series B deal that brought them together — All the way in which again in 2016, Bain Capital Ventures caught a whiff of Justworks’ potential for achievement.

Winning enterprise sales teams know how to persuade the Chief Objection Officer — Many enterprise software program startups have sooner or later confronted the invisible wall.

(Additional Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Every little thing else

Watch Perseverance’s harrowing descent to the surface of Mars — NASA has launched video taken by the Perseverance touchdown module and rover displaying the well-known “seven minutes of terror.”

Calling Oslo VCs: Be featured in The Great TechCrunch Survey of European VC — TechCrunch is embarking on a significant challenge to survey the enterprise capital buyers of Europe, and their cities.

Original Content podcast: Apple’s ‘Ted Lasso’ is all about relentless optimism — This will likely be our final episode on TechCrunch, as Unique Content material goes impartial!

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