Spotify hits 70 million subscribers milestone

Spotify declared that it has reached 70 million subscribers via a tweet final night [January 4]. previously, in august 2017, the swedish enterprise introduced it had surpassed 60m subscribers. the news places spotify well ahead of apple song which, in september 2017, instructed billboard that it now counts properly over 30 million paying subscribers.

Spotify’s assertion comes on the returned of information that the streaming platform is reportedly making plans to go public at the New York stock alternate inside the first region of 2018. the private files were filed with the SEC remaining month.

Spotify’s valuation remaining month turned into reported as $19 billion (£14.05 billion). it might be one in every of the largest patron tech organizations to move public in current years.

Newly launched marketplace figures for the UK and the usa in 2017 have found out how streaming is riding the return to increase in recorded tune.