Spotify is a music streaming service that was founded in 2006 in Stockholm. Ten years later, it was considered market leader with 100 million users worldwide: the premium service alone had 40 million paying subscribers.
In 2015, Spotify offered its users more than 30 million songs.
Music streaming service Spotify decided to forego a big advertising campaign and the tradition of ringing the opening bell at its IPO today, but it catched the public attention regardless. Investors awaited the stock market debut with a mix of exitment and caution.
Amazon is wowing Wall Street with record profits. The online retailer earned $ 857 million in the second quarter. Up from just $ 92 million a year earlier. It's the fifth time in a row that the company has been in the black. You might be surprised where the profits are coming from. It's not just the online retail business.