Feeds

Spotify reckons it's worth $4 BILLION - and Netflix investor agrees

Early backer shovels $250m into music streaming service

3 Big data security analytics techniques

In the latest WTF valuation, music streaming site Spotify has raised around $250m in fresh funding, valuing the firm at a hefty $4bn.

Spotify scooped the new financing from investors led by Technology Crossover Ventures, an early backer of Netflix, sources familiar with the deal whispered to the Financial Times.

It's not completely out of the blue for investors to see Spotify as a multibillion dollar company, since a $100m investment led by Goldman Sachs a year ago already put its price tag as high as $3bn.

The company claimed in April that it has over 24m active users, with a quarter of them paying subscribers. Its latest financials, filed in Luxembourg, put its sales at €434.7m last year, although, like so many new web firms, it's only making losses, dropping €58.7m last year compared to €45.4m in 2011.

A number of tech firms are attracting hefty valuations this month in the afterglow from Twitter's relatively successful IPO. Dropbox was looking to raise $250m earlier this week, in a deal that would value it at $8bn, while Snapchat apparently spurned acquisition offers of $3bn from Facebook and $4bn from Chinese ecommerce giant Tencent Holdings recently. ®

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.