Spotify is the second largest revenue source for record labels

A source close to Spotify claims it is the second largest revenue generator for major music labels. The service was used by 23 million people last month and is bested only by Apple's iTunes, according to a story published by……

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The valuation of $4B is based on losing operating profits. Not sustainable.

Funny, seeing how MOG.com is multiple times better than Spotify.

funny how mog is USA only.... spotify and iTunes is Europe as well.

TLDR: we cant use mog if we dont have it. so

How is mog multiple times better than spotify when its ONLY available in the USA so that means less profit, less users and overall less competition.

Spotify's 192kbps vs MOG's 320kbps. $5 for unlimited MOG vs $10 for unlimited Spotify.

You do understand spotify has 320kbps bitrate right? not only that spotify and MOG has both $5, $10 plans so dont try to mislead everyone. The only thing I can see is that spotify has a few mill more songs and a lot more subscribers which = more revenue, spotify is also available in the whole of Europe, UK, USA which makes spotify the top competitor right now until MOG comes worldwide.