Spotify said the number of paid subscribers has grown to 144 million, surpassing expectations, Reuters said. The number of premium subscribers rose 27% from a year earlier, it said, while total monthly active users grew 29% to 320 million. Revenue was up 14% to 1.98 billion euros ($2.32 billion) in the third quarter, just shy of analysts’ estimates, Reuters said. The music streaming...
Spotify Beats Expectations
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Have we hit peak SPAC yet? You could have asked that question any day over the past few weeks, or months. But lately things truly seem to be hitting a new level. Four new SPAC mergers were unveiled today alone, according to SPACInsider. Adult entertainment service Stripchat said it was planning a SPAC. We reported that a Chinese private equity firm was planning a SPAC. Underlying the SPAC...
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