Lauren Forristal / TechCrunch:
Spotify launches a feature to buy physical books in the US and UK, powered by Bookshop.org, and expands its Page Match tool to support 30 additional languages  —  In February, Spotify made an exciting (and a bit unusual) move when it entered the world of physical book sales.

Alexandra S. Levine / Bloomberg:
Memo: Snap CEO Evan Spiegel says the company plans to lay off ~1,000 full-time employees, or 16% of its global workforce, to cut costs and achieve profitability  —  Snap Inc. is laying off roughly 1,000 full-time employees, or 16% of its global workforce, part of an effort …

Rachel Scharf / Billboard:
A US judge issues a $322.2M judgment against pirate library Anna's Archive for scraping Spotify, a largely symbolic victory as the site is anonymously operated  —  At least for now, the court judgment is largely a symbolic victory, as no one has identified the anonymous internet users behind Anna's Archive.

Bloomberg:
Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B  —  More banks are being invited to join SoftBank Group Corp.'s $40 billion loan backing its investment in US tech giant OpenAI …

Juro Osawa / The Information:
ByteDance launches its Seedance 2.0 video model to enterprise clients in 100+ countries, excluding the US amid legal disputes, after a February launch in China  —  ByteDance's cloud computing unit has made the company's Seedance 2. AI video generation model available globally to enterprise customers …