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Spotify to exam how the song use plays on Wall Street

SAN FRANCISCO (AP) – Spotify is about to find out either investors perspective a song streaming use as a budding luminary or a peep in a pan.

The Swedish association will make a batch marketplace entrance Tuesday, casting a spotlight on a early lead in song streaming. That’s a still-evolving margin perplexing to offshoot people on a thought that it’s improved to allow for online entrance to millions of tunes than to buy particular albums and singles.

Spotify has struck a chord with 71 million worldwide subscribers so far, scarcely twice as many as Apple’s song streaming service. But it has never been profitable, lifting worries that it will eventually be upstaged by Apple or other absolute rivals.

Optimists contend Spotify could turn as successful in song streaming as Netflix is in video streaming.

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Article source: http://www.kolotv.com/content/news/Spotify-to-test-how-its-music-service-plays-on-Wall-Street-478607113.html

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