Music

Spotify Worth, Like, a Billion Dollars; NYC Office Hiring Person to Hire More People

spotify kanye tweet

Spotify has raised $100 million fromĀ Digital Sky Technologies, Kleiner Perkins and Accel PartnersĀ at a $1 billion valuation in advance of its takeover of America. (That’s half Pandora’s valuation in its IPO.) The streaming music service is all the rage overseas, where it has a million paid subscribers (and here too, where some hackers have figured out loopholes to get around its barriers) but has struggled to secure licensing deals with U.S. labels and it took them six months to raise their funding, AllThingsD reports. Read More