Spotify Posted Net Loss of $59 Million in 2011

Spotify’s streaming service may be great for consumers, but so far it doesn’t seem to be a great model for a business. PrivCo, a research firm that analyzes data for private companies, claims to have obtained Spotify’s full year financials for 2011 and the numbers are mixed at best. Spotify

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Spotify’s streaming service may be great for consumers, but so far it doesn’t seem to be a great model for a business. PrivCo, a research firm that analyzes data for private companies, claims to have obtained Spotify’s full year financials for 2011 and the numbers are mixed at best. Spotify

Read more…

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