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Illustration: Sarah Grillo/Axios

Spotify announced Tuesday it's buying Betty Labs, an app developer, and a live audio app developed by Betty Labs called Locker Room.

Why it matters: The deal marks Spotify's first foray into social audio. The company said last month that it was looking at ways to make its podcast more interactive between creators and listeners.

Details: While deal terms haven't been announced, sources say the scope of this deal is much smaller than some of Spotify's other recent acquisitions. Betty Labs employs less than 20 people, per LinkedIn.

  • Locker Room is a live social audio app where fans can talk about sports. Spotify said in a statement that in coming months, it will "evolve and expand" Locker Room into "an enhanced live audio experience for a wider range of creators and fans," including in genres like music, and cultural programming.
  • The acquisition will allow creators of all kinds to host anything from debates to live concerts.
  • “Creators and fans have been asking for live formats on Spotify, and we’re excited that soon, we’ll make them available to hundreds of millions of listeners and millions of creators on our platform,” said Gustav Söderström, Chief Research & Development Officer at Spotify.

The big picture: The pandemic has ushered in a new wave of audio startups — most notably Clubhouse — that focus on social audio experiences, like live chats and events.

  • It's no surprise that Spotify would want to get in on the trend, given that other tech giants — from Facebook to Slack — are also beginning to test out social audio features.

Go deeper

MacKenzie Scott donates another $2.7 billion to 286 organizations

MacKenzie Scott with her former husband, Jeff Bezos, the CEO of Amazon. Photo by Greg Doherty/Patrick McMullan via Getty Images)

MacKenzie Scott announced Tuesday that she and her husband, Dan Jewett, had donated $2.74 billion to 286 different organizations, including community-based nonprofits and organizations focused on racial justice.

Why it matters: It's the next phase of what the New York Times describes as a "highly unconventional approach" to philanthropy from one of the richest women in the world.

Heat wave enveloping West will shatter records, spark wildfires

The sun sets behind power lines in Rosemead, California on June 14, 2021, amid an early season heatwave across much of California this week. Photo by Frederic J. Brown/AFP via Getty Images

A dangerous and widespread mid-June heat wave is bringing blowtorch-like heat, skyrocketing power demand, and “critical” wildfire danger to much of the West Tuesday through this weekend.

Why it matters: The heat is building in a region that is experiencing a record drought, leading to dangerous fire weather conditions, straining electrical grids, and causing water supplies to dwindle further. The heat itself may prove deadly.

Politico's top editor leaving for NBC

Screenshot: Youtube

Politico’s top editor Carrie Budoff Brown is joining NBC in a high-level executive position at the network that includes overseeing the "Meet the Press" franchise, sources familiar with the discussions tell Axios.

Why it matters: Budoff Brown has been with Politico since its earliest days in 2007 and is admired among newsroom staff. Her departure will be a major loss to the organization.