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Spotify Forecasts Strong 2018 Year Ahead of IPO Launch

Spotify Forecasts Strong 2018 Year Ahead of IPO Launch

Spotify Technologies SA (NYSE: SPOT) forecast a strong fiscal year growth as its initial public offering launching approaches. The music streaming service will go public next week April 3 and will list itself on the New York Stock Exchange under the..

Spotify Files to go Public in 2018

Spotify Files to go Public in 2018

Music streaming service Spotify announced its plans to go public in 2018. The company will trade under the New York Stock Exchange under the ticker SPOT, according to the company’s F1 filing.According to the filing, Spotify shares have traded ..

Spotify is Now Worth $16 Billion in Private Trades

Spotify is Now Worth $16 Billion in Private Trades

Private trades in Spotify are now worth about $16 billion in value which is about $3 billion higher than similar trades up until June. There has been an increasing demand for the company’s shares and increasing subscription numbers as well and..

SoundCloud Has Cash to Last Until Fourth Quarter

SoundCloud Has Cash to Last Until Fourth Quarter

The world’s biggest music streaming service, SoundCloud, has announced on Thursday that they have enough cash to last until fourth quarter even after laying off 40 percent of their staff. With competitors such as Apple (NASDAQ: AAPL), Spotify,..

SoundCloud to cut 40% of Staff to Remain Independent

SoundCloud to cut 40% of Staff to Remain Independent

SoundCloud Ltd. announced on Thursday that it is cutting nearly 40 percent of its staff and closing its offices in San Francisco and London.The move comes as larger rivals in the streaming industry, like Spotify Ltd. and Apple Inc. (NASDAQ: AAPL), a..

Pandora Stock Rises with Rumors of CEO Possibly Resigning

Pandora Stock Rises with Rumors of CEO Possibly Resigning

Tim Westergren, CEO and co-founder of Pandora Media Inc. (NYSE: P), will stay with the company until his replacement is found.Pandora shares rose 4.5 percent to $8.65 on Monday morning due to the news of Westergren’s imminent departure. A..