Report: Spotify Valued at $3 Billion, Airbnb Just Behind
The digital music-listening service Spotify is finalizing a round of funding that values the U.K. company at more than $3 billion, the Wall Street Journal reports.
The digital music-listening service Spotify is finalizing a round of funding that values the U.K. company at more than $3 billion, the Wall Street Journal reports.
Spotify lost $56.6 million last year, more than it did in 2010, the Journal reports based on the accounts of Spotify’s Luxembourg-based holding company. And with Apple poised to launch its own personalized radio service, Spotify faces tough competition in the months ahead.
AirBnB, the digital home-space rental agent, is also finalizing a funding round that puts its value at $2.5
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in