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Apple Music's Worst Nightmare? Spotify Just Doubled Its Paid Subscribers
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11.06.2015
It's that sense of unstoppable momentum that clings to an athlete, a team or a candidate on the rise — a halo of efficiency and popularity that is profoundly hard to overcome, no matter how much money the other guy has.
In its race to dominate the world of music streaming before Apple arrives on the scene, Spotify certainly seems to have the Big Mo. The Swedish company announced on Wednesday that it has more than 20 million subscribers to Spotify Premium. This time last year, it had 10 million. As Mashable reported earlier, the company's latest funding round gave it an extra $526 million to play with, and increased its total valuation by around 40%.
In its race to dominate the world of music streaming before Apple arrives on the scene, Spotify certainly seems to have the Big Mo. The Swedish company announced on Wednesday that it has more than 20 million subscribers to Spotify Premium. This time last year, it had 10 million. As Mashable reported earlier, the company's latest funding round gave it an extra $526 million to play with, and increased its total valuation by around 40%.
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