Yahoo Finance Live’s Brian Sozzi breaks down the chart of the day, showing Spotify monthly active users hitting 489 million.
The audio streaming company put up strong user growth in the fourth quarter and plans to finally start generating a profit.
Spotify has a podcast problem. Spotify bought Gimlet, the maker of podcasts like Reply All on internet culture, for $230mn and Anchor, a podcast-making app and platform. Paul Vogel, the company’s chief financial officer, put it plainly on a phone call this week.