Spotify Is Now Worth $4 Billion

Spotify secured $250 million in new funding, which makes the company now worth more than $4 Billion, according to the Wall Street Journal. Exactly one year ago, the music streaming service raised $100 million to raise its valuation to $3 Billion. All this while Spotify continues to lose money: it’s net loss increased to $77 million this year. The extra money might continue to give the streaming service leeway to build out revenue-generating products to fend off the losses.