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.
via The Verge - All Posts http://www.theverge.com/2013/11/22/5134598/last-man-streaming-spotifys-250-war-chest-makes-it-the-music-company
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