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Spotify Reaches 2.5 Million Paying Subscribers


Spotify
has reached 2.5 million subscribers, the company says in a blog post. Not a bad feat for a music service that reached America in July this year. The battle for music and mindshare is of course much heated up now that Google has formally joined the fray with the launch of Google Music.

We think Spotify has gotten the business model down pat, and now has to figure out a way how to scale, and scale fast. In the online music business, tomorrow may just be too late when it comes.

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Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.