TODAY: Spotify 💚 Social · Y FB 💸 $400M on Giphy · Uber & Ryanair Cut Jobs

I read the news so you don't have to: Spotify has launched a co-listening product stream so that you can listen to the same song with anyone, anywhere, in-sync; big surprise: Facebook bought Giphy for the data; both Europe's budget airline Ryanair and Uber are laying off a bunch of people; and France and Germany are pushing for a $545bn coronavirus relief fund.

👾 what the tech

" When you use  you get paired up with someone across the world to listen to the same song in sync, and you can travel around digitally to see what people in other countries are listening to. Spotify also recently launched  so you can share DJ duties with your friends at a safe social distance."

"When Facebook confirmed that it had  last week for a cool $400 million, the reasons weren’t immediately apparent. Giphy has only the seeds of an advertising business, and GIFs aren’t a revolutionary advertising product. Mark Zuckerberg has a habit of knowing where the puck is going, but his company will have some real work ahead of it to make Giphy an advertising powerhouse. Still, the purchase may be worth it just for the insights it could yield about what web platforms people are visiting and what they’re sharing there."

😷 coronavirus coverage

"

"The no-frills airline said it was cutting 15% of its 20,000-strong workforce as it did not expect passenger numbers or pricing to return to pre-coronavirus levels until summer 2022 at the earliest. As part of a programme of sweeping cost cuts, Ryanair said it could close a number of bases across Europe until air travel recovers."

" Mr. Khosrowshahi announced the plans in an email to staff Monday, less than two weeks after the company said it would eliminate about 3,700 jobs and planned to save more than $1 billion in fixed costs."