Brief news items and worthy reads from around the web:
Crunching the numbers on a Spotify IPO: Bloomberg posted an assessment of Spotify’s potential IPO plans. Unnamed sources told the publication that Spotify is targeting an offering in the second half of 2017. The streaming service is currently valued at $8 billion, and it has been steadily growing its subscriber base, even though it has yet to turn a profit. This article reviews the different financial forces at play, including a stipulation in its most recent funding round about converting stakes into shares at a discount.
Musixmatch adds lyrics translations: Lyrics provider Musixmatch has added a new translation feature to its library. The service is now available in 28 different languages, including Spanish, German, Chinese, Italian, Dutch, and Polish. The update is rolling out in the coming days, starting with the company’s Android and iOS apps.