When you’re losing $200 million per year on $1.3 billion, what’s another half billion get you?

Well, to start — it gets you an 8.5 billion dollar valuation. And it heats up the inevitable tussle between Spotify and Apple.

Spotify just closed another funding round of $526 million. Read more: Spotify reportedly raises half a billion dollars

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About the author

Mike Dias is a Sales Director for Logitech. He specializes in consumer electronics & pro audio with an expertise in headphones & portable audio. He has over 15 years of experience selling custom handcrafted in-ear monitors.

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