Industry News Update – Week of 6/12/2017:

Last week, Eventbrite and WeWork have acquired companies to deliver awareness of product offerings outside of the US and to further building design initiatives. Eventbrite purchased Ticketfly, a ticket discovery app, from Pandora for $200 million to expand its international presence in event discovery. WeWork bought Fieldlens, a construction project management and communication tool, to facilitate the construction of building enhancements when WeWork signs long-term building leases.

Pinterest and Houzz have been involved in procuring funding. Pinterest raised $150 million to fund further development of its visual search technology and fuel user growth. After obtaining this funding, the company's valuation rose to $12.3 billion. Houzz is in talks to raise $400 million and is expected to be valued at $4 billion.

Lyft partnered with Jaguar Land Rover to deliver a fleet of self-driving vehicles.

Taylor Swift has returned her music to Spotify. She removed her music from the steaming platform in 2014 because she didn't believe artists and other relevant parties would be compensated appropriately.

Uber fired 20 employees as a result of its investigation related to inappropriate workplace behavior. In addition, Uber’s board of directors are contemplating a leave of absence for Travis Kalanick as his mother recently died in a boating accident. Uber’s Board of Directors also decided to fire Emil Michael, SVP of business who has recently been connected to three separate controversies surrounding Uber, on June 12, 2017.

The news articles and links presented below are available for your reference.

EVENBRITE

“Eventbrite Acquires Ticketfly from Pandora For $200 Million”

HOUZZ

“Houzz Raising $400 Million at $4 billion Valuation “

LYFT

“Lyft Gets $25M and a Fleet Of Cars From New Partner Jaguar Land Rover”

PINTEREST

“Pinterest is Now Valued at $12 Billion After Raising Another $150 million in Funding"

SPOTIFY

“Taylor Swift Embraces Streaming, Brings Full Catalog to Spotify and More"

UBER

“Uber Fires 20 Amid Investigation Into Workplace Culture”

“Uber CEO's Right-Hand Man is Out”

WEWORK

“WeWork Has Acquired Venture-backed Fieldlens "