Oct 10, 2017

Google acquires podcasting startup 60db


Google has quietly acquired podcasting startup 60db, as Business Insider first reported and Axios has confirmed with the company. No financial details have been disclosed, though the company raised $3.5 million in seed funding a year ago from Bloomberg Beta, Khosla Ventures, and Rivet Ventures. Its service will shut down on Nov. 10.

The company isn't disclosing (yet) what it will be doing at Google, but in a note to media partners, it said it's "looking forward to working with [them] again in the near future," suggesting it's likely continuing to provide similar podcasting services. The company also said that by June of this year, its active users were listening to more than an hour of content per day.

Go deeper: Check out which podcasts Americans listen to the most and how podcasts are finally bringing in real money.

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Special report: Health care workers vs. coronavirus

Photo Illustration: Sarah Grillo/Axios. Photos: Angela Weiss/AFP via Getty Images, Bruce Bennett/Getty Images, and Europa Press News/Europa Press via Getty Images

Health care workers are at an especially high risk of catching the coronavirus, because of their prolonged exposure to patients who have it. Making matters worse, the U.S. doesn't have enough of the protective equipment, like masks and gloves, that keeps them safe.

  • And yet these workers, with loved ones of their own, keep showing up at hospitals across the country, knowing that more Americans than they can possibly care for are depending on them.
Go deeperArrow31 mins ago - Health

Backed by the Fed, bond investors get bullish

Illustration: Sarah Grillo/Axios

The Fed's massive injections of liquidity have reopened much of the bond market, and after back-to-back weeks in which more than $100 billion flowed out of bond funds, investors have regained their bearings and now see opportunity.

What's happening: But after the hemorrhaging outflows relented last week, bulls may now be sticking their heads out a bit too far. Junk bond funds took in more than $7 billion for the week ended April 1, according to Refinitiv Lipper, setting a new weekly record.

What top CEOs fear telling America about the coronavirus shutdown

Illustration: Eniola Odetunde/Axios

Top CEOs, in private conversations and pleas to President Trump, are warning of economic catastrophe if America doesn't begin planning for a phased return to work as soon as May, corporate leaders tell Axios.

Why it matters: The CEOs say massive numbers of companies, big and small, could go under if business and government don't start urgent talks about ways groups of workers can return.