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Vision Pro won’t have YouTube, Spotify apps at launch, as pre-orders start today

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Top stories today:

  1. Vision Pro won’t have YouTube, Spotify apps at launch
  2. Bing remains with 3% market share throughout 2023
  3. House approves bill to avert Mar. 1 partial shutdown, 314 × 108
  4. Reddit may IPO in March
  5. MANG (Microsoft, Apple, NVIDIA, Google) jumps to 8% of VC

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Vision Pro won’t have YouTube, Spotify apps at launch, as pre-orders start today

2. Bing remains with 3% market share throughout 2023, even with ChatGPT launch

Bing’s mobile users have increased, but they are still very small when compared to Google

*Sponsored.

4. House approves bill to avert Mar. 1 partial shutdown, 314 × 108

  • $1.66B discretionary spending cap was agreed to.

    • The GOP was split, with most of the pro-Trump wing voting against it.

    • Biden should sign it shortly, as the Senate approved the bill on Thu, with a 77 × 18 vote.

5. Reddit may IPO in March

  • Likely selling 10% of its shares.

  • $10B valuation was its last, in a 2021 funding round.

  • March timing could be pushed back, as has been happening since Dec. 2021, when Reddit confidentially filed for its IPO.

6. MANG (Microsoft, Apple, NVIDIA, Google) jumps to 8% of total VC invested in North America

7. Startup capital efficiency (valuation / $ raised) falls from 11x/26x in 2012 to 7x to 2023

8. Only 0.3% of crypto on-chain transactions involved in illicit activities

Most of the value received by illicit addresses is connected to sanctioned services

9. Google Cloud grows revenue per employee faster than AWS, reducing gap

10. Interesting videos, posts, and memes

11. Other headlines

AI

  • OpenAI announces 1st university partnership: Arizona State.

  • Rabbit: first 100K R1s to come with Perplexity Pro’s “answer engine.”

  • TikTok testing feature to make AI songs.

  • Microsoft’s tutor, Reading Coach, made available for free.

  • Zuckerberg: “we need to build for general intelligence,” open source it.

Tech

  • X rolling out video, audio calls on Android.

  • Forta raises $55M for autism therapy platform.

  • Pornhub asking for consent from every single performer on platform.

  • Instagram to nudge teen accounts after 10pm, suggesting time breaks.

  • TSMC’s 2nd fab in AZ delayed to 2027/2028, blaming lack of U.S. subsidy.

Tech & law

  • Amazon, iRobot deal to be blocked by EU.

  • Apple excludes video, news partners from app external payments rules.

  • Epic v. Google judge won’t set App Store fee without expert help.

  • TikTok sued by Iowa for setting App Store age rating too low at 12+.

Biotech

  • FDA’s power could be reduced by SCOTUS’s revision of Chevron deference.

  • 9% of teens have used nonprescription weight-loss products.

Business

  • China’s largest brokerage restricts short sales.

    • Economists ignoring China’s new youth jobless rate.

  • Macy’s to cut 3.5% of jobs (2.3K positions).

  • Masterworks: invest in shares of paintings by Banksy and Picasso.*

  • Arrived: learn how to invest as little as $100 in fractional real estate, which has outperformed the S&P500 over the past 20 years.*

*Sponsored.

Crypto

  • BlackRock’s Bitcoin ETF 1st to reach $1B in inflows.

  • BTC drops to $41K as “Sell the BTC ETF news” continues.

  • SEC delays decision of Fidelity’s Ethereum ETF to March.

  • Tether now owns $2.8B in BTC.

U.S. politics

World

  • Houthis continue to fire missiles at commercial ships in Red Sea.

  • Netanyahu: war not over until Hamas ended, hostages home.

  • Russia rejects U.S. effort to resume nuclear arms control talks.

  • North Korean’s short-range missiles being used by Russia in Ukraine.

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