spotify stated on thursday it has reached 50 million paid subscribers, developing 25 percentage in much less than six months and increasing the swedish track streaming carrier’s lead over its closest rival, apple music.
spotify, which has no longer yet shown a profit as it spends to develop the world over, is thinking about a ability us inventory market listing, in step with a february techcrunch report.the stockholm based corporation introduced a main enlargement in new york in february.
spotify, one among europe’s maximum fantastically valued challenge-subsidized startups, will pass its new york workplace to the world trade centre from the midtown area of long island, including extra than 1,000 new jobs.
launched in 2008, spotify had forty million paid subscribers in september.apple, which released its song carrier much less than two years in the past, had about 20 million subscribers in december.
in 2016, individuals used on call for streaming structures, including spotify, to concentrate to 431 billion songs, nielsen said in its us 12 months-end file.
