on the NYSE last year – a decision that surprised many investors and triggered others such as Slack to pursue this path. One year following its IPO, Spotify continues to outperform major competitors, like Apple Music, in terms of subscribers – in February of this year, Spotify’s premium subscriptions level rose to a record, beating Wall Street expectations and reaching nearly double the number of Apple Music subscriptions.
In its second year as a public company, Spotify made a major push in podcasts and original content to bolster its expansive library of third-party shows. As a result, the company sawyear-over-year in podcast consumption hours and now boasts nearly 700,000 additional podcast titles. Spotify also recently announced notable partnerships with Google Home, Hulu, and Samsung, among others, in an effort to improve the customer experience and place emphasis on convenience across platforms.
Often referred to as China’s version of Uber, Didi Chuxing has recently been in the spotlight as the next operator in this sector to potentially pursue an IPO. However, following Lyft and Uber’s respective public offerings in early 2019 and
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