Spotify Passes 40 Million Subscribers

Peter Kafka, writing for Recode, on Spotify passing 40 million subscribers:

Spotify, which is heading toward an IPO, has 40 million paid subscribers, the company announced today. But Spotify’s chief revenue officer, Jeff Levick, is leaving the company, sources confirmed.

Levick joined Spotify five years ago, when the company was just starting to build out an advertising business; he had previously been at AOL and Google.