Category Archives: apple music

Indian PM Narendra Modi’s reelection spells more frustration for US tech giants

Amazon and Walmart’s problems in India look set to continue after Narendra Modi, the biggest force to embrace the country’s politics in decades, led his Hindu nationalist Bharatiya Janata Party to a historic landslide re-election on Thursday, reaffirming his popularity in the eyes of the world’s largest democracy. The re-election, which gives Modi’s government another five years in power, will in many ways chart the path of India’s burgeoning startup ecosystem, as well as the local play of Silicon Valley companies that have grown increasingly wary of […]

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Spotify hits 180M users but loses €394M in tepid Q2 earnings

Spotify is racing to sign up users before Apple Music can, even at the expense of its finances. Spotify’s second quarter as a public company saw mixed performance compared to estimate as it reached 83 million paid subscribers, up 40 percent year-over-year and up 8 million from its 75 million count last quarter. Spotify now has 180 million total users, coming in at the high end of its guidance with a 5.9 percent quarter-over-quarter growth rate, though it added fewer users than last quarter. But Spotify saw […]

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