Spotify now worth 4 billion dollars

Spotify now worth no less than $ 4 billion. Online music company recently raised $ 250 million for funding, making the value of the company grow to 4 billion, according to the Wall Street Journal said.
Spotify recently had received $ 100 million in other funding, and at that time the value of the company was $ 3 billion.

Although the popularity of Spotify and its revenues have increased recently, the company has continued to lose money.

This is because Spotify has reported that revenues doubled to 600 million, but its net loss amounted to 77 million dollars. However, now the new funds could help the company increase its unleash, and to reduce the level of losses