Spotify ended 2020 with 155 million paying subscribers, an increase of 24% from the previous quarter. The music streaming service also saw an increase in advertising revenue of 29%, which accounted for 13% of the company’s total revenue. That’s an increase from historical levels of less than 10%. That growth suggests Spotify is making progress in using podcasting to diversify its revenue stream...
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Salesforce’s Pretend Co-CEO Arrangement
Marc Benioff has redefined the term co-CEO. As The Information reported earlier today, Bret Taylor, newly named co-CEO of Salesforce, will continue reporting to Benioff, his fellow co-CEO. So instead of the term meaning two leaders on equal terms, it now just means two people who work with each other in a boss-subordinate relationship. At this rate, Salesforce could give the co-CEO label to its...
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