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Spotify

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Spotify is a global audio streaming service provider that operates on a freemium business model, offering a vast library of over 100 million songs, millions of podcasts, and audiobooks. The company generates revenue through premium subscriptions, which provide an ad-free experience with offline listening and enhanced audio quality, as well as through an ad-supported free tier. Founded in 2006 and launched in 2008, Spotify focuses on digital personalization through proprietary algorithms, curated playlists, and creator tools to connect artists and podcasters with a global audience of over 751 million monthly active users.