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Spotify Owned uTorrent Before BitTorrent Inc. Acquired It

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Spotify Owned uTorrent Before BitTorrent Inc. Acquired It

Postby MrFredPFL » Tue Mar 06, 2018 1:02 pm

Story :

When Spotify launched its first beta in the fall of 2008, we described it as “an alternative to music piracy.”

From the start, the Swedish company set out to compete with pirate services by offering a better user experience. Now, a decade later, it has come a long way.

The company successfully transformed into a billion-dollar enterprise and is planning to go public with a listing on the New York Stock Exchange. While it hasn’t completely evaporated music piracy, it has converted dozens of millions of people into paying customers.

While Spotify sees itself as a piracy remedy, backed by the major labels, its piracy roots are undeniable.

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