Spotify subscribers grow to 60 million as rumors about going public heat up

Spotify subscribers grow to 60 million as rumors about going public heat up

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The dominance of Spotify in the streaming music space continues to grow, as the company revealed new subscriber numbers on Monday: 60 million. 

That figure is up 10 million from March, the last time Spotify released subscriber numbers. 

That massive jump in just a few months couldn’t have come at a better time for Spotify, as rumors have been swirling that the company is about go public, possibly by the end of the year. 

The growth of Spotify really stands out when you consider the state of its competitors, namely SoundCloud. In recent weeks, the fate of SoundCloud has been up in the air in the wake of office closings, massive layoffs, and a general sense that the company may be on its last legs as it works to monetize its services versus the competition.  Read more…

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Author:Adario Strange

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