Börse Express – Privacy and IPO slow down Spotify



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The leader in streaming music Spotify
has under the effects of the second quarter
new European rules on data protection The so-called
The basic regulation on data protection already has the social network
Facebook – here is the number of active users
Decreased in Europe.

In addition, the cost of the recent IPO in New York has hit in
the Spotify report. The Swedish company wrote in the
Follow a much higher loss than in the same period last year, as
he announced Thursday in New York. The "disorder" by the
Most of the data protection regulations are now complete
said Spotify.

Bottom line, the music streaming service lost in the second quarter
$ 394 million, more than twice the dollar
Same period last year. The stock has lost its pre-sale. Also from one
significant increase in the number of global users were investors
barely soothing. First of all, Spotify had more paying people
Earn a premium customer – makes a good sign.

Spotify came in the middle of the year to 180 million users, of whom chose
83 million premium paid services. It means a
complete growth of 8 million premium customers within three months.
This branch of the company contributes the lion's share to sales,
the total from over a quarter to just under 1.3 billion
The dollar has increased. The free version funded by advertising sees the company
but as an important tool to start users
to get the platform.

Spotify is the number one in the business world with the
Streaming music, where songs are played directly from the net.
The big competitors are Apple and Amazon
. Unlike Spotify, they have the advantage
they compensate for losses through their other activities

Spotify is released in early April and shares with
started at $ 165.90. In pre-negotiation on the
Thursday, the paper cost $ 186.75

AXC0244 2018-07-26 / 14: 50

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