The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. Spotifys stock prices have recovered after a drop caused by Neil Young and Joni Mitchell removing their music from the platform to protest the streamers. It also offers a music listening experience without commercial breaks. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. The company operates through the following segments: Premium and Ad-Supported. Spotify Technology SA is a digital music service offering music fans instant access to a world of music.
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