There are so many interesting stories out there and unfortunately we don’t have time to cover all of them. With our new section “Worth reading”, we provide you once in a while with some links to interesting articles by other publications.
According to public filings in the UK, Spotify’s revenue grew some 458% in 2010. The company’s subscription business model brought in $71 million while advertising generated $28 million. Despite the growing revenue, the company invested heavily into expansion and development; losses for the year were $42 million, up from $26 million in 2009. Find out more about the Spotify’s financials on Arcticstartu (Update – January 2023: The website seems to be out of use, and we therefore deactivated the original link).
Two weeks ago, the once leading German social network StudiVZ (VZ-Netzwerke) had a major relaunch (Update – January 2023: The website seems to be out of use, and we therefore deactivated the original link). Due to stiff competition with Facebook, VZ-Netzwerke was forced to face a huge loss of traffic over the last 12 months. Today it was announced that the company’s CEO Clemens Riedl will be leaving the social network. Read more about it (in German) on Gruenderszene.
Tradeshift, the free invoicing platform that aims to be a kind of social network for B2B processes, is now shifting up a gear to address a big problem. Getting paid fast is probably one of the biggest problems that companies face today, and Tradeshift’s new the Instant Payment solution is designed to address this. The new service will be offered to selected suppliers in beta and will roll out over next six months. Find out more on TechCrunch Europe.
“Magical” and delivers “pure happiness” – this is how Pearltrees CEO describes their iPad app, which was released today. Pearltrees is a service that takes a visual approach to web curation. Launched in late 2010 as browser version, it allows you to create networks of ‘pearls’ on screen. Each pearl is a link to a piece of content and you can connect them together in any way you choose into a ‘pearltree’. Read more about it on TheNextWeb.
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[…] who generate about 30 million page views per month. On October 2011 the French startup released the Pearltrees iPad app which takes a visual approach to Web curation (pretty much like the browser version). Find out […]