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March 29, 2016 11:28 pm GMT
On-demand streaming music is inevitable, so Spotify is taking whatever fuel it can get to win the race against Apple. Whoever can sign up customers faster to consume their data and network effect could earn money off them for a long, long time. So it makes sense that Spotify would be willing to raise money at ugly, exploitative terms now for a better chance at earning those riches later.… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xXJmCf4ds9E/
Spotify raises $1 billion in debt with devilish terms to fight Apple Music
On-demand streaming music is inevitable, so Spotify is taking whatever fuel it can get to win the race against Apple. Whoever can sign up customers faster to consume their data and network effect could earn money off them for a long, long time. So it makes sense that Spotify would be willing to raise money at ugly, exploitative terms now for a better chance at earning those riches later.… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/xXJmCf4ds9E/
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