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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Reality Check Facebook AR/VR
Facebook Kicks Off a Metaverse Reorganization
Mark Zuckerberg wasn’t kidding when he said last week he hopes Facebook will morph from a social media giant into a metaverse company. As the company revealed Monday, his ambition is beginning to have real effects on Facebook’s org chart.As reported, Facebook is creating a new Metaverse product group under Facebook Reality Labs. Andrew Bosworth’s, VP of FRL and the overseer of this new group,...
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