Music to my ears

Coinbase restructures product, Amazon strengthens Prime, Instagram to enable in-app NFTs

Change is afoot. The Coinbase CPO is out, and the product org's getting restructured. There'll now be four product teams (consumer, institutional, dev tools, infrastructure), and each team will report directly to the CEO. It'll be interesting to see how strategy shifts with the founder running product.

Wait... They shipped what!?

Amazon expanded its "free" Prime Music offering across both music and podcasts.

Details: At no extra cost, Prime Subscribers now get a few extra goodies:

  • Ad-free access to Amazon Music's entire 100 million+ song catalogue

    • BUT not fully on demand, as users must shuffle artists, albums, or playlists

  • Ad-free access to in-house podcasts + some external ones

Amazon's also shipping Podcast Previews, a discovery feature letting users preview soundbites from podcasts prior to diving in.

Why it matters: Earlier this year, Prime increased its annual subscription fee from $119 to $139. After adding MGM and Thursday Night Football, Amazon continues to invest in strengthening the service so folks don't churn due to recession worries.

The expanded catalog also squarely takes aim at Spotify's free ad-supported plan. Prime users on that tier now get a better alternative, as Prime Music is effectively the same offering but without ads.

Separately, if the Podcast Preview feature is successful, it could lead to a major shift in how podcasts acquire new listeners. It'll be a tough nut to crack as discovery's long been an issue in the podcast sphere, but I'm excited to see how it plays out.

Features & products hot off the press

Big tech

  • Google integrates Lens directly into its search box 

  • Gmail unveils a package tracking feature 

  • Twitch ships Guest Star, allowing users to create talk-show experiences 

  • Waymo launches autonomous robotaxi rides to Phoenix airport 

  • Netflix rolls out its new ad-supported tier

  • Google Play unveils new ad formats and priority for high-quality apps

  • Google Assistant gets parental controls and kid-friendly answers

  • Instagram to let users create and sell NFTs in-app

General and early-stage

  • Arta launches a digital family office product 

  • Warner Bros and HBO announce Game of Thrones NFTs

  • OpenSea tests freezing stolen NFT sales

  • Momento launches a serverless cache product 

  • Loom ships a community resource hub 

  • Picsart adds AI Image generation & writing tools

Getting 1% better at building product

  • Pricing - Product frameworks for scalable unit economics, by Dee Sahni

  • Collaboration - Managing upwards as a PM, by Aakash Gupta 

Broader tech happenings

  • Evan's store. Snap partners with Amazon on in-app AR shopping

  • Tightening purse strings. Chime cuts costs and lays off 12% of staff 

  • Up up and away. Paramount+ plans to raise prices

  • VentureFox. Mozilla launches a $35m fund for "responsible tech" 

  • Murky waters. Qualcomm forecasts a larger decline in phone sales

Courtesy of mindless Twitter scrolling

And that’s a wrap for today. Stay tuned for more!

- Amol