🙅♂️ Not this time: Last month, a mysterious financier tried to block bankrupt EV Canoo from selling its assets back to its CEO, Anthony Aquila. This week, it was ruled that this financier, Charles Garson, didn't have the proper standing to make that request.
🎧 Notes on Neon: On today's episode of Equity, the hosts dive into Databricks' recent acquisition of Neon, an AI company. The hosts also dig into Chime's S-1 filing, talk about the return of the web series, and AWS's recent strategic partnership.
📻 Swing and a miss: Last week Spotify announced that it would roll out public play counts on podcasts as a way to help attract more listeners, which received backlash from podcasters. Now Spotify is tweaking this idea and only showing play count on podcasts with over 50,000 plays.
🌝 Money for Moonvalley: Moonvalley, a startup developing AI tools for video creation, seems to be popular with venture capitalists. The company announced a $43 million raise a month ago, and now it appears that the company has raised $10 million more.
🚤 It's electric! Electric boat startup Arc has released its cheapest model yet. This new 24-foot boat, Arc Coast, will cost a cool $168,000 and is already available for preorder. The company expects these boats to hit the water next year.