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Spotify"s first earnings report as a public company hit the wrong note for investors. The first earnings report as a public company which was released by the company , contains an updated insight on how many people are using the music service. In all, Spotify has 170 million monthly active users and 75 million paid subscribers. That latter total is up from the 71 million marker where Spotify ended Q4. By contrast, Apple Music recently crossed 40 million subscribers . There are now 99 million people listening to Spotify through its ad-supporter free tier. Spotify’s revenue (€1.14 billion) was in line with expectations. It"s operating loss for the quarter fell to 41 million euros, or about $49 million, down from 139 million euros in the same period a year earlier. The streaming music service with its 75 million paying subscribers and A trimmed losses in the first three months of the year, but the outcome wasn"t enough to impress investors. As Shares fell 7% in afterhours t...

Dropbox Inc. on Monday file for an initial public offering (IPO) 36 million shares, giving the organisation an over $7 billion valuation. Dropbox, which intends to raise $648 million at the best end of the range, anticipates that its introduction price will anything between $16 and $18 per share. The investment arm of Salesforce has consented to purchase $1 million of Dropbox"s Class A common stock privately at a cost for each offer equivalent to the IPO. Before now, some funding rounds had valued the San Francisco-based Dropbox at $10b even though some others were doubtful. There has been a dispute between the figures provided venture capitalist companies and Wall Street for a long time now. From Snapchat to Spotify and now Dropbox, going public has proved difficult for new comers with the exception of Jack Ma’s Alibaba. The three billion dollar drop in valuation is a pointer to disparities between private funders who want these companies to remain private and public investors. D...