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Spotify are looking to solidify their position in the volatile streaming media market by completing a round of investment deals that would value the company at over $3 billion.
After launching just last month, Spotify has been reported to have 1.4 million users in the United States with around 175,000 of those paying. This has boosted the company's valuation to $1.1 billion.
The concept is simple: Users click to build houses, cows, and turnips, wait a few hours, and then click again for the same thing. According to the New York Times this formula has led Zynga,...
In December, Twitter raised $200 million in financing in a deal that valued it at $3.7 billion. The company, which allows users to broadcast 140-character messages to groups of followers, had 175 million users as...