Spotify might be nearing an IPO, as the company settles a lawsuit and hires new talent

As of March this year, Spotify reported a spectacular 50 million count of monthly paying subscribers that enjoy premium access to audio content. The Sweden-based company has been rumored to be setting itself up for an IPO for quite many months now, looking to expand its online music streaming enterprise and attract investments. However, Spotify has had trouble with monetizing its huge traffic, causing investors to hold mixed views about the business’ viability. The streaming service has also been notorious among artists for paying low royalties for their works, causing many big name ...