Google-backed Waymo and Toyota Motor Corp (NYSE: TM) have announced a preliminary agreement on Tuesday to explore collaboration on autonomous driving technologies, with a focus on personally owned vehicles, the companies said in a joint release.
Spotify defended its $11.99 subscription price on its Q1 earnings call and signaled that price hikes are now a strategic option, as the company eyes long-term revenue growth despite rising inflation and stiff competition from Apple and YouTube Music.
Crockett initiates coverage of TTD with Buy rating and $77 price target. Despite macro concerns and competition, TTD is well-positioned in AdTech's growth, driven by CTV and programmatic. Stock has dropped due to Q4 miss but consensus estimates for growth remain positive. TTD is a leading DSP with a history of strong growth. Crockett projects Q1 revenue of $578.7 million and EPS of $0.25. TTD stock currently at $54.61.
In a move to challenge YouTube's dominance in the video podcasting arena, Spotify Inc. (NYSE: SPOT) has paid out over $100 million to podcast creators and publishers since the start of the year.
OpenAI launched an ad-free shopping search feature within ChatGPT, offering users curated product suggestions to challenge Google's dominance in search and expand its AI-powered services.
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