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Spotify eyes listing, sees itself as next Netflix

It wants to give artistes a breakthrough, and reach 1.6b payment-enabled smartphones

Published Thu, Mar 1, 2018 · 09:50 PM
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Los Angeles

INVESTORS have a lot of reasons to avoid Spotify Technology, owner of the world's largest paid music service, when it lists shares on the New York Stock Exchange this year.

Operating losses at the company grew to 378 million euros (S$611.2 million) last year, up from 235 million euros two years ago.

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