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Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. According to Ek, the company's title was initially misheard from a name shouted by Lorentzon. Later they conceived a portmanteau of "spot" and "identify". Early international launches
Spotify stock rose as much as 4% in early trading on Monday after the streaming giant announced another round of price hikes for its US subscription plans.Prices will rise between $1 and $3 ...
Spotify has previously said it expects the metric to come in between 30% and 35% over the long term amid plans to further scale its podcasting and ads business. Revenue, meanwhile, totaled 3.64 ...
Since 2012, Spotify has published a yearly list of its most-streamed artists, which has been topped by Drake and Puerto Rican rapper Bad Bunny a record three times, with Bad Bunny being the only artist to do so in consecutive years (2020–2022). Swift is the only female artist to have topped the list (2023).
Beginning in July, Spotify’s US subscribers will pay $1 more per month for its ad-free premium plan, rising to $11.99 per month — a 20% increase over the past two years. The audio streamer ...
Spotify's most-streamed song for the longest period of time was "Shape of You" (2017) by the English singer-songwriter Ed Sheeran. Currently, more than 640 songs have surpassed one billion streams on Spotify, 86 have surpassed two billion, and nine have surpassed three billion. "Blinding Lights" by the Weeknd is the only song that has surpassed ...
Spotify shares have surged about 80% over the past year and are up more than 15% year to date. The stock is still off about 40% from its record high of $364.59 a share in February 2021.
Spotify, a music streaming company, has attracted significant criticism since its 2006 launch, mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
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