In a long-awaited triumph, Spotify, the music streaming pioneer, has finally achieved profitability. After 18 years of operation and a history of significant losses, the company reported its second consecutive quarter of profit, a remarkable turnaround that has sent its stock soaring. This newfound profitability is a major milestone for Spotify, which boasts a staggering…
Stockholm, Sweden – In a bold declaration, Daniel Ek, co-founder and CEO of music streaming giant Spotify, announced his unwavering commitment to building a European “super company,” quashing rumors of a potential sale or acquisition. Ek’s statement comes amidst growing speculation about the future of Spotify, the world’s leading music streaming service by paid subscriber…
Consumer Deception Allegations The NMPA claims that Spotify misled subscribers by converting their music-only subscriptions into bundled audiobook-and-music subscriptions without their explicit consent. This change, combined with Spotify’s recent price hikes, means subscribers may unknowingly be paying for services they didn’t intend to purchase. Also read: Spotify to Launch Premium High-Fidelity Audio Tier for Dedicated…
A new and more expensive subscription package, which might be launched later this year by Spotify, is mentioned in a Bloomberg News report, targeting the most loyal users of the company. The new add-on will cost an extra $5 per month and will include features such as high-resolution audio, TikTok-like playlist options, and new tools…
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