Spotify Valued At $3 Billion

According to the Wall Street Journal, Spotify's latest financing round -- which includes investment from financial institutions like Goldman Sachs -- will put the company's value over $3 billion (for some context, the somewhat similar subscription service Netflix is worth about $4 Billion). Given that Apple's getting ready to unveil their own streaming service, it'll be interesting to see how the marketplace evolves as money keeps flowing toward privately-held groups like Spotify Ltd. It's also interesting amid reports that the company's current structure is losing tons of money.