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Spotify launches Greenroom, a Clubhouse competitor - Yahoo News Australia

Spotify launches Greenroom, a Clubhouse competitor - Yahoo News Australia

Spotify launches Greenroom, a Clubhouse competitor - Yahoo News Australia
Jun 16, 2021 1 min, 38 secs

Spotify on Wednesday launched a live audio app called Greenroom, the Swedish online music streaming giant's answer to the popular platform Clubhouse.

Spotify launched Greenroom after acquiring Betty Labs, the company behind the popular sports-focused audio platform Locker Room.

Other tech giants have also jumped into the live audio sector with Twitter launching Spaces in December and Facebook hosting Live Audio Rooms.

They will also have to compete with Discord, which has been offering live audio since 2015 and has more than 140 million users although it has been more focused on video game players.

Spotify has the advantage of already being an audio platform through its focus on music and, more recently, podcasts.

Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.

The Reserve Bank of Australia (RBA) is cancelling Thursday's operation to buy long-dated government bonds because of technical difficulties, it said, as reports circulated of internet outages at several commercial banks and major firms.

The websites of some of the biggest banks, such as the Commonwealth Bank of Australia, Westpac Banking Corp and Australia and New Zealand Banking Group were down, leaving customers unable to log in to their accounts.

"We're aware some of you are experiencing difficulties accessing our services and we're urgently investigating," Commonwealth Bank, Australia's largest, said on Twitter.

and European futures Thursday after Federal Reserve officials sped up their expected pace of policy tightening.

The FTSE 100 was set to fall today in reaction to last night’s news that the majority of the US Federal Reserve’s officials now expect interest rates to rise earlier than forecast, in 2023

In March, most Federal Reserve officials had predicted rates would stay at their current levels until at least 2024 but last night said the consensus had now shifted forward thanks to their growing belief in the economic recovery

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