Whoever said the bubble in the internet had well and truly popped obviously wasn’t the brains behind music streaming service Spotify, who today (June 20) have been valued at a whopping $1 billion, that's £620 million to us UK citizens. KER! And CHING!

The reason the Swedish company has increased it’s 2009 value of $200 million to the new much satisfy round number is because it’s currently seeking major cash investments in it’s attempt to launch Stateside. So, anyone wanting a piece of t’internet pie needs to know what said co. is estimated to be worth, if floated.

Spotify was a pipedream little over 5 years ago and now already it's rumoured to be about to pigging back on another cashcow by launching with the daddy of all internet start-ups Facebook.


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