Google launched a family plan for Google Play Music, allowing 6 people to share access for $14.99 a month. When YouTube launches their ad-free subscription service they are planning on mixing in their general ad free service with their ad-free music service as a single bundled service. Content creators who do not approve the new terms will not have their content publicly visible.
Sam Altman wrote about the horrible unit economics being funded in the current market: "There are now more businesses than I ever remember before that struggle to explain how their unit economics are ever going to make sense."
Groupon laid off 1,100 employees & shut down in Morocco, Panama, The Philippines, Puerto Rico, Taiwan, Thailand and Uruguay. They also recently shut down in Turkey and Greece, and sold off a controlling stake in their India operation.