The move comes after Musk, who also runs Tesla Inc. Kinzen will provide early warnings about problems in different markets, helping Spotify more effectively moderate content in more languages.īillionaire Elon Musk said on Monday in a filing that he will be the chief executive officer of Twitter, the social media company he recently acquired for $44 billion. In June, it formed a Safety Advisory Council to provide input on harmful content. It published its platform rules for the first time in January. “Kinzen offers a combination of tools and expertise to help us better understand the content on our platform and emerging abuse trends,” said Sarah Hoyle, Spotify’s head of trust and safety.Įarlier this year, Spotify said it would be more transparent in how it determines what is acceptable and unacceptable content. Since then, Kinzen’s remit has expanded to include targeting misinformation, disinformaton and hate speech. The Dublin-based firm has been working with Spotify since 2020, initially focusing on the integrity of election-related content around the world. The acquisition is part of Spotify’s efforts to deal with harmful content on its service after a backlash earlier this year over “The Joe Rogan Experience,” in which the podcaster was accused of spreading misinformation about COVID-19. This results in cash-per-share (CPS) ratio of 18.49.LONDON: Audio-streaming service Spotify Technology SA on Wednesday said it had acquired Kinzen, a firm that has helped it identify harmful content on the platform. Spotify Technology SA currently holds about 3.57 B in cash with 318 M of positive cash flow from operations. The entity has 191.55 M outstanding shares of which 3.85 M shares are at this time shorted by private and institutional investors with about 1.99 trading days to cover. Spotify Technology conducts business under Communication Services sector and is part of Internet Content & Information industry. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. To calculate Spotify Technology's market, we take the total number of its shares issued and multiply it by Spotify Technology's current market price. Market capitalization usually refers to the total value of a company's stock within the entire market. The company currently falls under 'Large-Cap' category with current market capitalization of 16.17 B. Spotify Technology SA (SPOT) is traded on New York Stock Exchange in USA and employs 9,058 people.
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