Plus Google's Slack competitor launches, Spotify's secrets revealed, and why 96.5% of YouTubers will fail.

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• Amazon to acquire Ring video doorbell maker, cracking open the door in home security market — The surprise acquisition marks the latest move by the Seattle-based tech giant into the smart home technology market. Financial terms were not disclosed, but Reuters puts the deal at more than $1 billion.
• Watch: “Shark Tank” judges reject Jamie Siminoff’s idea for Ring that Amazon just spent $1 billion — In his Shark Tank pitch, Siminoff said he was seeking a $700,000 investment for a 10% stake in his then-struggling startup—called DoorBot at the time—which he thought was worth $7 million.
• Hangouts Chat, Google’s Slack competitor, comes out of beta — For all intents and purposes, Hangouts Chat is Google’s take on Slack, Microsoft Teams and similar projects
• Spotify Files for Public Offering, to Be Listed As ‘SPOT’ — Spotify officially filed for a public offering with the Security and Exchange Commission on Wednesday. The music service intends to trade under the “SPOT” symbol at the New York Stock Exchange (NYSE)
• ‘Success’ on YouTube Still Means a Life of Poverty — In fact, 96.5 percent of all of those trying to become YouTubers won’t make enough money off of advertising to crack the U.S. poverty line
• Drones for Space Operations by Gateway Foundation — Kickstarter — Our primary mission is to develop drones to be used at the International Space Station to retrieve objects that drift away during spacewalks and repair activities by astronauts.