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Leila Abboud

Spotify Needs to Face the Music

Daniel Ek needs to face the music.
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There's a notion in Silicon Valley that tech start-ups are better off staying private as long as possible. Why should visionary founders answer to impatient public investors? Better to keep tapping those ample private funds under the tutelage of a forgiving board.

It looks like Daniel Ek, founder of music streamer Spotify AB, may be tempted. Techcrunch says Spotify is considering delaying its IPO, expected this year, to 2018. The extra time would help the fast-growing but loss-making business improve its margins, the publication wrote last week.