Is Spotify Going Bankrupt In 2017? Wall Street Delivers Another Red Flag
(By Paul Resnikoff | Published on February 2, 2017 for Digital Music News) Wall Street is rejecting their IPO (again). A $1.5 billion debt pile is now a ticking time bomb. Major labels are taking 70+% of revenues. Is this the year that Spotify implodes? Spotify is a damn good streaming music service. And they’re beating almost everyone at this game. That includes some of the largest companies in the world: Apple, Google, Amazon, and Microsoft. In fact, Spotify has double
