Spotify

Spotify experienced a significant outage affecting its services for hours, with over 15,000 complaints reported on Downdetector.

Spotify stock fell 15% after the company forecasted lower second-quarter earnings and premium subscribers, despite surpassing first-quarter expectations. It sees revenue of €4.8 billion and continued growth in active users, although premium subscriber projections are slightly below forecasts.

Spotify's software engineers have not written code for months, thanks to AI taking over routine tasks. Co-CEO Gustav Soderstrom notes what these employees are doing instead.

Spotify's first-quarter earnings forecast exceeded Wall Street expectations, driven by user growth and price hikes, resulting in an increase in share price.

Spotify will increase its premium subscription price in the US. This change, affecting subscribers in Estonia and Latvia as well, follows previous price hikes in other countries. Spotify aims to maintain service quality and support artists amidst rising inflation.

A lawsuit claims Spotify permitted fraudulent streams to inflate Drake's popularity, financially harming other artists. The complaint highlighted significant financial damage to legitimate artists and advocate for transparency to address ongoing streaming fraud issues.

OpenAI has introduced “mini apps” inside ChatGPT, letting users interact with services like Spotify, Canva, Coursera, Figma, Expedia, and Zillow directly in chat. Available globally, the update also debuts an Apps SDK for developers to build and monetise ChatGPT apps.

Taylor Swift’s new album, ‘The Life of a Showgirl’, crashed Spotify at its midnight release, as thousands of fans rushed to stream all 13 tracks. The surge caused glitches and outages, with over 1,000 reports logged before the platform stabilised. Swift called the record her “self-portrait.”

Spotify launched its Lossless Listening feature, which allows premium users to stream music in high-resolution 24-bit/44.1 kHz FLAC format. The feature is rolling out in over 50 markets and offers custom settings for audio quality on various devices, enhancing the listening experience.