Spotify jumps into the hot live audio trend with acquisition of Clubhouse rival Betty Labs

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The company said it's acquiring Betty Labs, the creators of live audio social app Locker Room that's focused on sports.

People walk by the New York Stock Exchange on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City.

The company said Tuesday it will buy Betty Labs, the makers of live audioIn the coming months, the company said it plans to expand Locker Room into an "enhanced live audio experience" for more of its creators and fans.

 

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Spotify is a great example of having to much money and not knowing what to do with it all while desperate to stay relevant

Black eye Why didn't you ppl AT CNBC report the Hwang-Archegos margin call fiasco on FRIDAY during mkt hours? Where were you You are the ones w/ the black eye.

this is terrible news

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