Spotify’s Discovery Mode allows artists to flag songs to be boosted in Spotify’s algorithmic recommendations in exchange for a 30% royalty commission—but a lawsuit accuses the streaming company of boosting artists who pay them.
A federal lawsuit filed Sunday in California federal court accuses Spotify of failing to prevent streaming fraud, including by allowing “billions” of bot-generated streams that allegedly boosted rapper Drake’s streaming numbers, though he is not named as a defendant.
Artificial intelligence products are launching at a rapid pace as the sector’s largest companies battle for supremacy and secure increasingly large valuations worth hundreds of billions of dollars.
Daniel Ek, the billionaire founder of the $150 music streamer, is exiting Spotify’s top role as he is increasingly backing moonshot tech companies
Spotify is rolling out its long-awaited, high-quality “lossless” music streaming feature, which has already been available on competitors like Apple Music for years.
Some users compared Spotify Wrapped unfavorably to Apple Music’s replay feature, which shows users their top albums and genres, a feature Spotify did not include this year.
Cooper’s podcast has ranked as the second-biggest on Spotify since 2021, only behind “The Joe Rogan Experience.”
The stock is on pace for its second-best day on Wall Street ever.
The price hikes make Spotify’s subscription service more expensive than rival Apple Music.
The price hikes will help cover the cost of audiobooks, a new service offered by the company, Bloomberg reported.