Spotify's Revenue Skyrockets - But So Do Its Costs


by Felix Richter,

With roughly 100 million active users, more than 30 million paying subscribers and $2+ billion in annual revenue, Spotify is the undisputed leader in the booming music streaming market.

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What We Read Today 27 May 2016

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Solar Storms Could Solve Longstanding Paradox Of How Life On Earth Arose

from The Conversation

-- this post authored by Monica Grady, The Open University

It was only a matter of 700m years or so after Earth formed and its surface cooled and solidified that life began to flourish on Earth. All studies suggest that life requires water - and we know from rocks on Earth that the climate in this distant past was sufficiently warm for liquid water to be present. But therein lies a mystery.

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Infographic Of The Day: Best Places For First-Time Home Buyers

Indianapolis is the best market for first-time home buyers right now, according to Zillow's latest analysis. Pittsburgh and Memphis are also high on the list of places that are the easiest for first-time buyers.

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Video of the Day:

Make a tiny solar car for about $1. Easy and fun!

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Martin Feldstein On Government Debt Does Not Make Sense

from Dirk Ehnts, Econoblog101

This is from his article at Project Syndicate:

In the United States, the Congressional Budget Office estimates that the federal government debt doubled over the past decade, from 36% of GDP to 74% of GDP. It also predicts that, under favorable economic assumptions and with no new programs to increase spending or reduce revenue, the debt ratio ten years from now will be 86% of GDP.

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Written by Staff,

U.S. stocks rally late after Yellen foresees near-term rate hike

U.S. stocks ticked up on a volatile final session before the Memorial Day holiday, as Janet Yellen rattled Wall Street by offering strong indications that the Federal Reserve could raise interest rates in the coming months.

The Dow Jones Industrial Average gained 44.93 or 0.25% to 17,873.22, while theNASDAQ Composite index added 31.74 or 0.65% to 4,933.51, rallying late in the session after briefly turning negative in response to Yellen's remarks. The S&P 500 Composite index, meanwhile, rose 8.96 or 0.43% to 2,099.06, as nine of 10 sectors closed in the green.

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 USA economy at a glance (boxed items are updates in last 7 days)

20 May 2016: ECRI's WLI Growth Index Unchanged

ECRI's WLI Growth Index which forecasts economic growth six months forward expanded marginally and remains in positive territory for the ninth week - after spending the previous 34 consecutive weeks in negative territory.

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