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Spotify Is Now a $4 Billion Company

Spotify is the latest startup company to join the $4 billion valuation club after securing $250 million in new financing. An earlier report suggested that Spotify was looking to raise a new round of funding to become a $5 billion valuation, but apparently this was an overvaluation.

While Spotify is now worth $4 Billion, the company continues to lose money as its net loss has increased to $77 million.

Spotify Connect Will Be Like Google's Chromecast

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