Spotify Board Member: Profitability Could Happen Next Year - A SPOTIFY Board member and one of its first invest...
Spotify Board Member: Profitability Could Happen Next Year - A SPOTIFY Board member and one of its first invest...
A SPOTIFY Board member and one of its first investors, told REUTERS that the streaming service could start to become profitable as early as next year. Despite steep losses over its decade-long existence and mounting competition, PAR-JORGEN PARSON, a general partner at venture capital firm NORTHZONE, believes a profitability tipping point is near. "Up until now, I think it's been growth, growth growth," he said. "Maybe profitability will start to become a priority ...
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