Fitness app Strava will begin charging developers a flat monthly fee to access its API, a move aimed at reducing unauthorized data scraping before the company's planned public offering.
Strava announced the API pricing model as it prepares for an initial public offering. The fitness platform, which tracks running and cycling activities from millions of users, has long dealt with third-party developers scraping location data without authorization.
The new fee structure replaces the previous free access model. By implementing paid tiers, Strava aims to deter casual scrapers while generating revenue from legitimate developers integrating with the platform.
The timing signals investor confidence in Strava's business fundamentals. Monetizing developer access reduces platform liability and demonstrates clearer revenue streams—factors institutional investors scrutinize during IPO reviews.
The company has not disclosed specific pricing. Details on free tier options and pricing brackets remain pending. For developers currently using Strava's API, the transition period and grandfathering policies are expected to be announced separately.
Instagram has officially launched its paid subscription tier, Instagram Plus. The service provides paying users with enhanced tools to reach either broader or more targeted audiences.
Verizon CEO Daniel Schulman said artificial intelligence will handle "a large percentage" of customer service work at the carrier. Speaking at Bloomberg Tech Conference 2026, Schulman noted AI could boost financial performance and customer satisfaction.
Sameer Samat, President of Android Ecosystem at Google, discussed the platform's evolution and AI implementation strategy during a live Bloomberg interview at Tech 2026 in San Francisco.
Trading firm Jane Street is constructing and financing its own data center to secure computing resources as demand for processing power outpaces supply.