[ad_1] Music streaming service Spotify filed for a direct listing of up to US$1 billion with the U.S. Securities and Exchange Commission on Wednesday, becoming the first major company in the recent past to do so. A direct listing is an unconventional way to pursue an IPO and will help Spotify list without the need…
[ad_1] Spotify, the $16 billion digital music “startup” that is hotly tipped for an IPO, continues to lay the groundwork to diversify its platform beyond basic streaming. In the latest development, the company is going to start selling beauty products. Yes, you read that right, you can now buy makeup on Spotify. The new service…
[ad_1] SoundCloud will soon collapse if investors don’t vote for a rescue funding round tomorrow. The stumbling music streaming community site had to suddenly lay off 40 percent of its staff last month. Now it’s asking investors for $169.5 million at a pre-money enterprise valuation of just $150 million, according to Axios‘ reliable business editor Dan…
[ad_1] SoundCloud is on shaky financial footing, saying it only has enough money to last a few more months unless someone buys or invests in it. That’s sure to cause anxiety in content creators with their life’s work stored on SoundCloud. Now some new startups are nipping at SoundCloud’s heels by focusing on podcasting in…