Spotify valued at over $4 billion after latest round of funding

Despite stiff competition from other popular music streaming services, Spotify has held its own since its release in 2008. The Wall Street Journal reports that Spotify raised $250 million in its latest round of funding, bringing the total value of the company above $4 billion. Spotify made a splash when it came stateside in 2011, but has continued to grow ever since, now reaching 32 markets. According to Spotify CEO Daniel Ek, the conversion rate from free to paying subscribers is relatively lar...