From The Atlantic:
"Spotify hasn't turned a profit, but give the company credit. It somehow seems to have convinced Goldman Sachs to bet on that battered wreck otherwise known as the music business.
The digital streaming service is reportedly in the process of closing out a deal that would raise $100 million from a group of investors including Goldman and peg its value at around $3 billion total, according to the Wall Street Journal. That's a big vote of confidence from Wall Street in yet another hot web upstart with millions of devoted users and millions in annual losses to show for it. "
More here:
http://www.theatlantic.com/business/archive/2012/11/what-is-spotify-worth/265111/
"Spotify hasn't turned a profit, but give the company credit. It somehow seems to have convinced Goldman Sachs to bet on that battered wreck otherwise known as the music business.
The digital streaming service is reportedly in the process of closing out a deal that would raise $100 million from a group of investors including Goldman and peg its value at around $3 billion total, according to the Wall Street Journal. That's a big vote of confidence from Wall Street in yet another hot web upstart with millions of devoted users and millions in annual losses to show for it. "
More here:
http://www.theatlantic.com/business/archive/2012/11/what-is-spotify-worth/265111/
