Facebook
Whatsapp
Contact
  Share
  Share
  Share
Friday, Mar 29, 2024


   INTERNATIONAL NEWS    PAKISTAN NEWS    SPORTS NEWS    Business NEWS    ENTERTAINMENT NEWS    TECHNOLOGY NEWS

Technology News

    Title: Spotify becomes first music streaming service to surpass 200m paid subscribers
    Share:    Whatsapp 
    Spotify Becomes First Music Streaming Service To Surpass 200m Paid Subscribers 28486
    Description: Spotify crossed 200 million subscribers as the platform entered 2023. Through the increase in paid subscribers, the platform saw a 14% yearly increase in earnings. Currently, the platform has 489 million monthly active users (MAUs), which shows a 20% year-on-year increase. Read Britain's first crypto regulations to set 'robust' standards Although the company mentioned an increase in earnings, the music streaming platform recently announced 6% job cuts. Like other companies, the platform is struggling due to the current economic conditions. According to The Verge, the reasons behind layoffs might be related to investors rather than raw profitability. Considering the figures, among competitors like Apple Music and Amazon Music, Spotify is believed to be the largest music streaming service in the world.  
    Published Date: 01-Feb-2023
    Share:    Whatsapp