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EV owners in Texas face $200 annual feeStates have taxed motorists at the pump for more than a century. Yet, as electric cars gain ground, what happens when folks stop refueling altogether?
State lawmakers are increasingly imposing annual fees on EV owners, arguing they should pay up because they still rely on public infrastructure to get around. Texas is on track to become the latest state to levy such a tax, following more than a dozen others, including Georgia, Michigan and Ohio.
The Texas Senate passed SB 505 at the end of March. This week, the state’s House has cleared a similar bill, sending it on to Gov. Greg Abbott’s desk. The latest version of the bill lays out a $200 yearly registration fee for electric vehicles, with exceptions carved out for slow “Neighborhood Electric Vehicles,” such as autocycles, mopeds and motorcycles. The bill states that the resulting fees “must be deposited to the credit of the state highway fund.”
Though Texas is certainly not alone in moving forward with such a bill, its $200 fee is on the high end, matching only Georgia. Colorado is the state with the lowest EV fee (excluding states that have no fees), at $50 per year.
Speaking against the bill in a statement to local media outlet KRLD, Environment Texas director Luke Metzger argued the $200 fee is punitive and “will make it harder for Texans to afford these clean vehicles which are so critical to reducing air pollution in Texas.”
Electric cars are still priced out of reach for many Americans. In September 2022, the average price for EVs sat at $65,291, versus $48,094 for gas guzzlers, per Cox Automotive.
EV owners in Texas face $200 annual fee by Harri Weber originally published on TechCrunchEV owners in Texas face $200 annual fee
techcrunch.comThe Texas state legislature passed a bill that will charge EV owners in the state a registration fee that will be used to fund highways.
Fed, NYDFS assess their supervisory performance after March’s big bank failuresInternal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.
Fed, NYDFS assess their supervisory performance after March’s big bank failures
cointelegraph.comThe U.S. Federal Reserve and New York Department of Financial Services published internal reviews of their roles in the failures of Silicon Valley Bank and Signature Bank.
- in the community space Music from Within
Hawai'i Songwriting Festival Coming in JuneRegistration for the Hawaii Songwriting Festival is now open! Join us June 8-10 at The Westin Hapuna Beach Resort on the beautiful Big Island of Hawai'i!! If you are a songwriter looking to connect with a community of creative souls in one of the most beautiful places in the world, this is for you! Book your hotel room before May 5th to get the discounted group rate.
Hawai'i Songwriting Festival Coming in June
www.musicconnection.comRegistration for the Hawaii Songwriting Festival is now open! Join us June 8-10 at The Westin Hapuna Beach Resort on the beautiful Big Island of Hawai’i!! If you are a songwriter looking to c…
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From Universal’s AI fightback to Primary Wave’s $100m deal in India… it’s MBW’s Weekly Round-UpThe biggest music biz headlines from the past week, all in one place
SourceFrom Universal’s AI fightback to Primary Wave’s $100m deal in India… it’s MBW’s Weekly Round-Up
www.musicbusinessworldwide.comThe biggest music biz headlines from the past week, all in one place…
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Acon Digital update Extract:Dialogue The latest version of Acon Digital's noise-suppression plug-in is capable of correcting phase distortions and destructive interference between dialogue and noise signals.
Acon Digital update Extract:Dialogue
www.soundonsound.comThe latest version of Acon Digital's noise-suppression plug-in is capable of correcting phase distortions and destructive interference between dialogue and noise signals.
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YouTube ad revenue dropped 2.5% YoY in Q1, but paid subscription sales increased 9%The number of YouTube Music and YouTube Premium subscriptions reached 80 million towards the end of last year
SourceYouTube ad revenue dropped 2.5% YoY in Q1, but paid subscription sales increased 9%
www.musicbusinessworldwide.comYouTube now boasts 80 million paid subscribers, and revenue from subscriptions grew 9% in the first quarter of 2023.
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Bandsintown adds Shopify integration to help musicians sell more merchBandsintown has added an integration with the e-commerce platform Shopify to help musicians sell more merch. Many musicians are among the 4.25 million small businesses already using Shopify, and the. Continue reading
The post Bandsintown adds Shopify integration to help musicians sell more merch appeared first on Hypebot.Bandsintown adds Shopify integration to help musicians sell more merch - Hypebot
www.hypebot.comBandsintown has added an integration with the e-commerce platform Shopify to help musicians sell more merch. Many musicians are among the 4.25 million small businesses already using Shopify, and the. Continue reading
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Everything you need to know about AI and ChatGPT in the Music BusinessArtificial intelligence (AI) and ChatGPT are everywhere, but how are they used in the music industry? On the latest edition of the Music Biz Weekly podcast, Michael Brandvold and Jay. Continue reading
The post Everything you need to know about AI and ChatGPT in the Music Business appeared first on Hypebot.Everything you need to know about AI and ChatGPT in the Music Business - Hypebot
www.hypebot.comArtificial intelligence (AI) and ChatGPT are everywhere, but how are they used in the music industry? On the latest edition of the Music Biz Weekly podcast, Michael Brandvold and Jay. Continue reading
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How to stay on top of TikTok trendsEvery artist could benefit from blowing up on social media, and hopping on the right trends are the way to do it. Here are some helpful tips on how to. Continue reading
The post How to stay on top of TikTok trends appeared first on Hypebot.How to stay on top of TikTok trends - Hypebot
www.hypebot.comEvery artist could benefit from blowing up on social media, and hopping on the right trends are the way to do it. Here are some helpful tips on how to. Continue reading
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Orchestral Tools Berlin Woodwinds Soloists 2 https://youtu.be/ZRq7X-QobAA 4 expressive solo instruments for the lower registers. An elegant bassoon, a rare bass oboe, bass flute, and bass clarinet—all wonderfully playable... Read More
Berlin Woodwinds Soloists 2 by Orchestral Tools - Woodwind Plugin VST VST3 Audio Unit AAX
www.kvraudio.com{See video at top of page} 4 expressive solo instruments for the lower registers. An elegant bassoon, a rare bass oboe, bass flute, and bass...
- in the community space Tools and Plugins
Orchestral Tools Berlin Woodwinds Soloists 1 https://youtu.be/kVVdeejZ21U 5 expressive solo instruments for captivating melodies and phrases. Wonderfully playable with a close, intimate sound, these are perhaps the best... Read More
Berlin Woodwinds Soloists 1 by Orchestral Tools - Woodwind Plugin VST VST3 Audio Unit AAX
www.kvraudio.com{See video at top of page} 5 expressive solo instruments for captivating melodies and phrases. Wonderfully playable with a close, intimate s...
- in the community space Tools and Plugins
MPG Awards 2023 - The Winners! The Music Producers Guild have released a full list of winners for the MPG Awards 2023 following a ceremonial dinner at 8 Northumberland Avenue, London.
MPG Awards 2023 - The Winners!
www.soundonsound.comThe Music Producers Guild have released a full list of winners for the MPG Awards 2023 following a ceremonial dinner at 8 Northumberland Avenue, London.
Clubhouse needs to fix things, and today it cut more than half of staffClubhouse, a once skyrocketing social audio app built by Paul Davison and Rohan Seth, has laid off more than half of its staff. The startup’s co-founders made the decision in response to customer habits changing in a post-COVID world and remote work complexities, according to a blog post.
Those who were impacted will receive severance and continued healthcare coverage for the next few months. A spokesperson for Clubhouse declined to comment on the number of people impacted by today’s workforce reduction or the number of employees who remain at the company. Last October, Davison told TechCrunch that Clubhouse had close to 100 employees.
Layoffs come under a year since the company last laid off a portion of staff as part of another restructuring. The company then told TechCrunch that “a few individuals have decided to pursue new opportunities and a handful of roles were eliminated as part of streamlining our team. We are continuing to recruit for roles in engineering, product and design.”
The social app, backed with more than $100 million in venture capital and once valued at $4 billion by investors including Andreessen Horowitz, Tiger Global and Elad Gill, took a different tone in today’s larger layoff.
“As the world has opened up post-Covid, it’s become harder for many people to find their friends on Clubhouse and to fit long conversations into their daily lives. To find its role in the world, the product needs to evolve,” the co-founders wrote in a blog post. They went on to write that the business has tried to change with its current team size but has been unable to due to the size of the team. “It’s difficult for us to communicate the strategy to cross-functional teams when it’s evolving by 1% each day, or to make quick changes when each surface is owned by a different product squad. Being remote has made this especially challenging for us.”
Unlike many entrepreneurs, the co-founders did not cite the economy when announcing the layoffs. Instead, Clubhouse seems to be responding to complexities that arise from overhearing and a remote work environment, both in running a business internally, and building something people want externally.
“Our belief is that as the world opens up, a couple things will happen: there will be more of an acute need to have a place where you can go and be among friends and meet their friends and have great conversations. I also think that an audio product is designed to be hands-free, designed so that you can multitask…I think the trends we’re building toward are permanent,” Davison shared on stage last year at TC Disrupt, offering a window into his product philosophy around social audio and remote work.
On stage he also responded to the ongoing critique and scrutiny around Clubhouse’s fall from hype. “The nice thing about having done this a few times before is that you tend not to get caught up in your own hype. When things are going like gangbusters, you sort of say that’s gonna come down when, when things are hard, you say we’re going to figure this out.”
Going forward, Clubhouse’s smaller team will be focused on building “Clubhouse 2.0.”
“As remote living, empty scrolling and Zoom meetings become more common, this is truer than ever. We have a clear vision for what Clubhouse 2.0 looks like and we believe that with a smaller, leaner team we will be able to iterate faster on the details, build the right product and honor our teammates who helped us get here,” today’s blog post says. TechCrunch reached out to a number of Clubhouse’s investors and many expressed not yet knowing what the remaining team there is cooking up. Last year, Davison mentioned the movement of Clubhouse activity away from “live podcast” and broadcasting behavior and into private rooms, intimidate internal conversations.
The business still has time to offer further answers. Clubhouse did confirm that it has “years of runway left” and now has more as a result of today’s layoffs. The company is not enacting a hiring freeze as of yet, a spokesperson said.The impact of hype with Clubhouse’s Paul Davison
Those with knowledge about Clubhouse can reach Natasha Mascarenhas on Twitter @nmasc_ or on Signal at +1 925 271 0912. Anonymity requests will be respected.
Clubhouse needs to fix things, and today it cut more than half of staff by Natasha Mascarenhas originally published on TechCrunchClubhouse needs to fix things, and today it cut more than half of staff
techcrunch.comThe social app is backed with more than $100 million in venture capital and once valued at $4 billion, built by Paul Davison and Rohan Seth.
Robinhood launches fiat-to-crypto on-ramp for self-custody wallets and DAppsRobinhood Markets announced the launch of its new “Robinhood Connect” service and numerous updates to its app.
Robinhood launches fiat-to-crypto on-ramp for self-custody wallets and DApps
cointelegraph.comRobinhood launches a fiat-to-crypto on-ramp and a slew of updates to its app in support of self-custody wallets and Web3 integration.
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Triller to pay Sony Music $4.57m as video platform admits liability for breached licensing dealSony says: "Prompt entry of judgment is needed to protect against any further dissipation of Triller’s assets or, worse still, a bankruptcy filing."
SourceTriller to pay Sony Music $4.57m as video platform admits liability for breached licensing deal
www.musicbusinessworldwide.comSony says: "Prompt entry of judgment is needed to protect against any further dissipation of Triller’s assets or, worse still, a bankruptcy filing."