operating-loss Archives

Music streamer Spotify revenues topped 1 billion euros in 2014

May 8, 2015 publisher chief-executive, chuck-todd, daniel, meet-the-press, online, operating-loss, speaks-during, the-outskirts

Online music streaming service Spotify's revenues leapt 45 percent to top 1 billion euros ($1.1 billion) last year, though its operating loss widened due to product development and expansion costs, its holding company said. The company, founded in 2006 by Daniel Ek and Martin Lorentzon, was reportedly valued at about $8 billion in a recent fundraising. It said the increased loss was due to substantial investments in product development and international expansion, as well as an increase in staffing.

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Exclusive: Microsoft has no plans to pursue Salesforce – sources

May 8, 2015 publisher another-unnamed, chicago, chief-executive, chuck-todd, citing-people, current-market, daniel, matter, microsoft, microsoft-corp, operating-loss, salesforce-com, speaks-during, unnamed

Microsoft Corp currently is not weighing an offer for Salesforce.com Inc , two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company. Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid for Salesforce after the latter was approached by another unnamed would-be buyer. Microsoft considers Salesforce's current market valuation expensive, one of the people said