There are so many interesting stories out there and unfortunately we don’t have the 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 of other publications:
According to public filings in Britain, Spotify’s revenue grew some 458 % in 2010. The company’s subscription business model brought in some $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 financials on Arcticstartup.
Two weeks ago, the once leading German social network “StudiVZ” (VZ-Netzwerke) made a major relaunch. Due to the stiff competition with Facebook, the German VZ-Netzwerke had to face a huge loss of traffic over the last 12 months. Today it was announced that the company’s CEO Clemens Riedl is now leaving the social network. Read more about it (in German) on Gruenderszene.
Tradeshift, the free invoicing platform aiming 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 the biggest problem companies face today, and its new the Instant Payment solution is designed to address that. 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.
It’s “magical” and delivers “pure happiness” – that’s how Pearltrees‘ CEO describes the iPad app released today. Pearltrees is a service that takes a visual approach to Web curation. Launched 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 & you can connect them together in any way you choose into a ‘pearltree’. Read more about it on TheNextWeb.