Nov 23, 2013
47 notes
Last man streaming: Spotify’s $250 million war chest makes it the music company to beat
Among the many things that Spotify has excelled at since launching in 2010 is raising money — and this week, it reportedly raised an eye-popping $250 million more. Investors have now bet a cumulative half-billion dollars that the streaming-music company founded by Daniel Ek can dominate online audio, even at a time when deep-pocketed giants like Google and Apple have released streaming services of their own. With competitor Rdio laying off roughly one-quarter of its staff this week, Spotify appears poised to dominate the world of music on demand. 

Last man streaming: Spotify’s $250 million war chest makes it the music company to beat

Among the many things that Spotify has excelled at since launching in 2010 is raising money — and this week, it reportedly raised an eye-popping $250 million more. Investors have now bet a cumulative half-billion dollars that the streaming-music company founded by Daniel Ek can dominate online audio, even at a time when deep-pocketed giants like Google and Apple have released streaming services of their own. With competitor Rdio laying off roughly one-quarter of its staff this week, Spotify appears poised to dominate the world of music on demand. 

  1. pod313 reblogged this from thisistheverge
  2. dailygeeks reblogged this from thisistheverge
  3. leeramsey869 reblogged this from thisistheverge
  4. noregretsitsallhonesty reblogged this from emergentfutures
  5. emergentfutures reblogged this from thisistheverge
  6. amexopenforum reblogged this from thisistheverge and added:
    With reports that last week, Spotify raised an addiitional $250 million more, this brings overall investment in the...
  7. rubennfigueiredo reblogged this from thisistheverge
  8. chatterbuzzmedia reblogged this from thisistheverge
  9. hotpinkjennifer reblogged this from thisistheverge
  10. tonydibartolomeo reblogged this from thisistheverge
  11. javiergarcia85 reblogged this from thisistheverge
  12. case-custom reblogged this from thisistheverge
  13. pooch96 reblogged this from thisistheverge
  14. thirtysixtyzero reblogged this from thisistheverge
  15. thisistheverge posted this
About
The Verge is the definitive source for the latest in technology news, reviews, and up-to-the-minute scoops.

Subscribe via RSS.


The Verge | Twitter | Facebook | YouTube