Auddia
Address: Boulder, CO, USA
Reinventing Audio
Website: www.auddia.com
Symbol: NASDAQ:AUUD
Owns
Latest news
- Apr 30: Auddia, which is working on a podcast app that skips the ads, has done some financial manoeuvring to avoid being taken off the NASDAQ. It’s lost two-thirds of its stock price in the last six months. Earlier this month it gained a patent for ad-skipping live radio.
- Mar 20: Podcast ad-skipping company Auddia has raised a further $3.5mn to improve faidr, its app.
- Mar 15: Auddia, which was to launch ad-skipping for podcasts in January, has announced more details on the service, which will now be launched “later this year”. Participating publishers will receive a payment for each play based on the podcast’s average CPM, while listeners will hear the ads automatically skipped. The company will announce participating publishers in a few weeks; and plan to sell the ad-skipping service to other podcast apps.
- Mar 12: After Auddia announced it was to purchase the Radio FM app on Feb 27, detailed why it wanted to buy it on Feb 29, and how it fit into its overall M&A user acquisition strategy on Mar 4, it’s decided not to purchase Radio FM after all. The company had announced it was building a feature that skips ads in podcasts, scheduled to launch Jan 15 in the company’s faidr app; that feature hasn’t yet launched.
- Feb 28: Auddia, which launched an ad-skipping podcast app earlier this year, is to purchase radio streaming mobile app Radio FM - if they can afford it. “Closing the acquisition remains subject to financing the acquisition cost”, which is $15mn. Shares fell 17% after the announcement.
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