The UK’s National Audit Office says a 2% digital services tax on the gross revenue of Amazon, Apple, and other US giants reaped almost £360M in its first year (Mark Sweney/The Guardian)

Amy O’Brien / Sifted:
London-based GoHenry, a neobank for 6-18 year olds, raised a £49M+ Series B, and says its 2021 revenue was up 55% YoY to £30.5M and losses up 20x YoY to £30.5M  —  Despite these vast losses and talk of distant profitability, there’s no sign that GoHenry is slowing down its expansion plans.

Jem Aswad / Variety:
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019  —  It’s a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube …

Bill Gifford / Bloomberg:
A profile of Duolingo, which has almost 15M DAUs, up 51% YoY, and 3.7M paying subscribers, as it expects its 2022 revenue to surpass $365M, up 45% from 2021  —  After dinner on Aug. 23—a date he will never forget—Tobi Fondse pulled out his phone to do his daily Duolingo.

Jeffrey Dastin / Reuters:
Palantir signs a three-year, £75M deal with the UK’s defense ministry, providing software to prompt real-time military actions and predict potential results  —  Palantir Technologies Inc (PLTR.N) has signed a three-year, 75 million pound ($91.39 million) deal with the United Kingdom’s Ministry …

Ingrid Lunden / TechCrunch:
Boston- and London-based Zoe, a nutrition and health tracking app, raised £25M led by Accomplice at a £209M valuation, after closing a £48M Series B in May 2021  —  Zoe, a startup founded by doctors and researchers out of London and Boston, made its name during the pandemic …

Oliver Knight / CoinDesk:
An independent audit shows the Luna Foundation Guard spent $2.8B in crypto and Terraform Labs spent $613M trying to defend the UST stablecoin in May 2022  —  Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX.  —  Luna Foundation Guard (LFG) …