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April 30, 2024:
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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.
March 20, 2024:
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Podcast ad-skipping company Auddia has raised a further $3.5mn to improve faidr, its app.
March 15, 2024:
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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.
March 12, 2024:
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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.
February 28, 2024:
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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.
February 26, 2024:
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Auddia, the company that announced an ad-skipping podcast app last year, has announced a reverse stock split. The company’s share price has dropped 87.5% year-on-year: the “reverse split” will combine 25 shares into one, thus increasing the share price to above the $1 required to remain listed on NASDAQ. It’s currently $0.16, falling almost 20% on the news.
November 28, 2023:
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Auddia has announced it will automatically remove ads from podcasts in its app, called faidr, in early 2024. The company says it will launch with the top 200 most popular shows, and will initially bundle ad-free shows into its $5.99/month plan. Users can also request additional shows for future commercial-free listening.
September 11, 2023:
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Auddia has released faidr v3.0, which promises "fully integrated podcasts" as well as a new user interface. The company is to acquire two new companies toward the end of the year.
June 29, 2023:
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A new podcast app could strip out the ads from podcasts - and share the money with creators. Auddia is using AI to remove ads from AM/FM stations and could offer the same for podcasts too, it says.
June 22, 2023:
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Fans of corporate jargon rejoice: audio and podcast player owner Auddia has issued a corporate update after the company "executed two non-binding LOIs with its buyside M&A strategy". There's plenty more of that in the press release, including upcoming de novo MAU growth data, and promises to reduce current burn.
June 16, 2023:
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Businesswise has raised $150,000 to further build their podcast ad marketplace focused on B2B marketing. The company also owns ad agency Podmuse … meanwhile, Auddia Inc, which owns radio and podcast app Faidr, has closed a stock offering raising $3.1mn.
May 19, 2023:
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Faidr, a radio and audio app from Auddia, now has podcasts - in the Android version, to start. It appears to be pulling data from Apple's directory.
April 21, 2023:
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Auddia, an audio AI platform, has secured additional bridge funding. One of their products, faidr, allows you to remove ads from US broadcast radio.
March 2, 2023:
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AI company Auddia has submitted a patent application for AI use in audio, including podcasting and music. The Executive Chairman of Auddia is Jeff Thramann, who has a number of patents related to audio and radio under the company's previous name, Clip Interactive Inc.
February 16, 2023:
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Tim Ackerman has been hired as CFO for Auddia, an audio AI company.
July 22, 2022:
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Auddia has released metrics about their faidr mobile app, which offers live radio stations without the ads. The company also owns Vodacast, an "immersive podcasting" service.
January 13, 2022:
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Auddia has announced it will be working with PodcastOne to enhance four of their podcasts on the Vodacast platform, which adds supplemental content like photographs, links and more to podcasts.
December 9, 2021:
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Auddia's Vodacast app has announced a partnership with the Bleav Podcasting Network. Bleav will create digital feed content for the app, which offers a more interactive experience.