600M

Spotify crosses the 600M monthly active users mark

by

Streaming service Spotify announced today that the service now has more than 600 million monthly active users. The company said in its Q4 2023 earnings report that it added 28 million users in the quarter, which marks the second biggest quarterly gain in the company’s history. The Sweden-based company noted that apart from having 602 … Read more

Abu Dhabi sovereign-wealth fund invests nearly $600M in Reliance Retail at $100B valuation

by

Abu Dhabi Investment Authority is investing $597 million in Reliance Retail, valuing the largest Indian retail chain at a whopping $100 billion. The investment follows KKR and Qatar Investment Authority together investing $1.7 billion in the Indian firm, which is part of Mukesh Ambani’s Reliance Industries. Abu Dhabi sovereign-wealth fund’s investment will fetch it a … Read more