Spotify Makes Noise: Streaming Giant Preps for IPO
Morning everyone! Hope you all had a wonderful weekend and - for everyone on the east coast - hope you're safe and sound. Apart from floating chunks of ice in downtown Boston, the nation saw that Spotify is planning an IPO for early 2018. With 60 million paying subscribers, Spotify is profitable and, with another 80 million active daily users, the company has plenty of room to grow. In addition to Spotify's big plans, WP Engine may have some big plans themselves coming up. The Austin-based Wordpress hosting provider just raised a quarter of a billion dollars to accelerate expansion in a growing Wordpress ecosystem. We'll have to wait and see how these SaaS companies grow - but it should be exciting to watch. Have a great week everyone!