News
Spotify takes the first step to going public
Spotify, the world’s biggest streaming company filed papers for a direct listing with the New York Stock Exchange on the 28th March 2018. The Swedish firm declared that its 2017 revenue stood at €4.09bn compared with €2.95 billion a year earlier. Despite having twice as many subscribers as Apple Music, its nearest rival, the service continues to make a loss which widened to €378m in 2017 from €394m a year earlier. Financial experts estimate the value of the […]