The Morning Badger (3/6/17): Spotify Hits a New Record


Spotify

50 Million

That’s how many people pay for Spotify out of over 100 million of their users. Premium plans for Spotify in the U.S. range between $5 to $14.99 a month, so the company’s revenue streams are sharply increasing. This could mean an IPO in the future, though whether the company is on target to turn a profit or is still hemorrhaging money due to music licensing costs is anyone’s guess. Still, this number makes Spotify the streaming music platform with the most paid customers. Apple Music, their direct competitors, has 20 million paid customers (per a December report).

BTC > Gold

Bitcoin is currently more valuable than gold. As of this writing, the price of one bitcoin is $1,284.15. Conversely, the price of an ounce of gold is currently $1,236.30. Bitcoin has seen a surge in popularity after Trump’s election in November, with prices reaching over $1,300. To get an idea of how Bitcoin works, read our primer here.

Retail’s Hell Week

Numerous companies are announcing their quarterly earnings this week, but several well-known (and oft-troubled) retail chains will reveal how they did during the holiday season. Michael’s ($MIK) and Dick’s Sporting Goods ($DICK) release their earnings tomorrow, while the recently troubled Signet Jewelers ($SIG) and Staples ($SPLS) have their earnings calls on Thursday. In case you’ve been living under a rock, the retail market is currently doing pretty terribly.