Bending Spoons to Acquire Video Giant Vimeo for $1.38 Billion!
Bending Spoons acquires Vimeo for $1.38B cash ($7.85/share). Vimeo goes private Q4 2025. Bending Spoons plans investments, product expansion, and AI features for the video platform.
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#Comm. Services↓
EchoStar Sells Spectrum to SpaceX for Next-Gen Starlink Direct-to-Cell
EchoStar sells its AWS-4 & H-block spectrum to SpaceX for ~$17B (cash/stock) & $2B debt interest. This powers SpaceX's next-gen Starlink Direct-to-Cell, aiming to end mobile dead zones worldwide. Boost Mobile will access the service.
AT&T Bolsters Connectivity with $23 Billion Spectrum Acquisition from EchoStar
AT&T acquires $23 billion in low-band and mid-band spectrum from EchoStar, significantly enhancing its 5G and home internet services across the U.S., driving long-term growth, and reinforcing its leadership in advanced connectivity.
Baidu Q2 2025: AI Growth Amidst Challenges
Baidu Q2 2025 revenue fell 4% to RMB 32.7B due to weak ads. Non-online marketing, driven by AI Cloud, grew 34%. Baidu pushes AI (ERNIE 4.5, MuseSteamer, Apollo Go global expansion), but faces economic downturn & rivals.
Pinterest Q2: Mixed Earnings, Stock Drops
In Q2, Pinterest's revenue beat expectations, but its profit missed them. User growth in the US and Canada, Pinterest's most lucrative market, was flat, causing a 12% drop in stock. Although AI tool adoption improved, changes to a "de minimis" exemption impacted ad spending.
Snap Q2 2025: Ad Glitch Impacts Revenue, User Growth Strong
Snap's Q2 revenue missed estimates due to an ad platform glitch & policy changes. User growth and Snapchat+ remain strong points.