Peter Kafka

Recent Posts by Peter Kafka

New Funding Round Puts Spotify Valuation at $3 Billion

Spotify has closed its latest funding round, which values the company at around $3 billion, according to a person familiar with the transaction. The Wall Street Journal had previously reported that Goldman Sachs would lead a group of investors putting $100 million into the streaming music company.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work