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RumorTT: Spotify is planning to go public in the US later this year

The rumor mill is abuzz this afternoon with whispers that Spotify is planning on taking its company public int he US later this year.

@CharlesJGantt
Charles Gantt
Published Thu, Mar 27 2014 11:20 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Music streaming is big business, and for companies like Spotify, that business cost money. One of the best way to raise extra funds is to let the public buy into your company, and it appears that Spotify is going to do just that. Rumors have began appearing that Spotify could be looking to take its company public before the end of the year.

RumorTT: Spotify is planning to go public in the US later this year | TweakTown.com

Back in February Reuters reported that they had came across a job listing that indicated that Spotify was looking for an External Reporting Specialist that would prepare the company for SEC filing, and compile all the reports needed to be SEC compliant. Spotify is the leader in a heavily competitive market, but does that mean that the company can sustain that number one position as companies like Google and Beats by Dre have new music streaming services that are continuing to grow in popularity? Only time will tell...

NEWS SOURCE:techcrunch.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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