Will Spotify Convertible Debt Cannibalize Major Label and Insider Equity?

Hypothetically, the one shirt Spotify employees and investors will have left after down round(s), debt conversion(s) and dilution(s).  Bruce Houghton at Hypebot has a great article on Spotify’s tough financial situation, in particular the soaring interest rates and the ratcheting stock discounts attached to the convertible debt it took from private equity firms TPG and Dragoneer. … Continue reading

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