The world's largest on-demand audio service has been on a hiring spree for years, adding more than 2,000 employees between 2019 and 2021
The company said it has committed more than $1 billion on podcasting and expects podcast revenue to increase materially this year from the $215 million it made last year
Due to an outage on podcast hosting platform owned by Spotify, Megaphone, podcast listeners could not access many of their shows for more than eight hours this week.
Spotify's stock jumped more than 3 per cent to reach $108.98 per share after the investment announcement came late on Friday
Spotify bought Anchor in 2019 for more than $150 million and brought Mignano in as its podcast tech chief
Higher Ground is reportedly negotiating with Amazon's Audible and iHeartMedia, the media reports said late on Wednesday
Music streaming platform Spotify has announced that it is changing the name of Greenroom to Spotify Live and bringing its live capabilities directly onto the Spotify app
Spotify is reportedly adding vertical scrolling to podcasts on the audio platform
The Google programme, announced earlier this week, will allow a small number of participating developers to offer an additional billing option next to Google Play's billing system
Spotify said it had no choice but to leave the Russian market, citing the law that essentially outlaws independent journalism
The service is expected to end in early April, according to one person with knowledge of the situation
The programme will allow a small number of participating developers to offer an additional billing option next to Google Play's billing system
Spotify and Discord users globally including in India were left without songs and posts after outages linked to Google Cloud disconnected both platforms.
Swedish music streaming giant Spotify has shut down its office in Russia and removed content from state-backed media outlets RT and Sputnik
Spotify launched its service in Russia and Ukraine in July 2020.
In its fourth quarter (Q4) results for 2021, the company took its paid subscribers to 180 million globally, and India was one of the leading countries in terms of user growth
Spotify announced its exclusive deal with the world's top podcaster two years ago, in May 2020, but didn't reveal the value of the contract.
Podsights helps marketers gauge the effectiveness of their ads, one area that Spotify said has been a major challenge.
With the acquisition of Podsights, Spotify will be able to help advertisers understand how podcast ads drive actions that matter to their businesses.