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Spotify hits 50 million paid subscribers

Photo via Danindub on Wikimedia Commons under the Creative Commons License

Venture Beat reports: “Spotify said on Thursday it has reached 50 million paid subscribers, growing 25 percent in less than six months and extending the Swedish music streaming service’s lead over its closest rival, Apple Music. Spotify, which has not yet shown a profit as it spends to grow internationally, is considering a potential U.S. stock market listing, according to a February TechCrunch report. The Stockholm based company announced a major expansion in New York in February. ”

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