Qtrax has had 9 years and still is a failure. Qtrax has burnt thru $50million and has nothing to show for it. Qtrax has almost zero users. Qtrax has Klepto the conman as CEO. Qtrax is millions in debt and doesn't pay anyone for anything. Qtrax has more debt then market cap. Qtrax is run as a fraud scam.
Since Spotify is doing so terribly, I guess this is meaningless:
Spotify hits 2.5 million paying subscribers
Swedish online music star Spotify said Wednesday ahead of a mystery announcement next week that it has reached 2.5 million paying subscribers.
"Fanfare! Drum roll! Yes, we're excited to announce that we've now welcomed 2.5 million paying subscribers to the service," Spotify said in a blog post.
Spotify, which launched in Europe in 2008 and expanded to the United States in July, did not provide a country-by-country breakdown for subscribers to the music streaming service.
Spotify had 1.6 million paying subscribers in June and much of its recent growth appears to have come from its availability in the United States and an integration with Facebook in September. Spotify, which boasts a catalog of more than 15 million songs for listening on computers or mobile phones, has more than 10 million registered users.
Spotify has invited reporters to attend a press conference in New York on November 30 with chief executive and co-founder Daniel Ek.
"What's next for Spotify?" the invitation teased without providing further details. Last week, Spotify expanded to Austria, Belgium and Switzerland.
Spotify offers three services: a free, ad-supported streaming service, an ad-free $4.99 a month plan for computer listening, and a $9.99 a month plan allowing subscribers to download as many songs as they want to a mobile phone. http://liten.be//S7R94
By the way, Spotify did this with absolutely NO marketing or ad dollars. If you for one minute think that Klepsy is capable of achieving 1/20th of this you should buy all the shares you can get your hands on. You'll be able to wallpaper your house with them.
Klepsy and Qtrax don't have a prayer--never did and never will. I find it humorous at this point that the faithful are still defending him and spreading the "wait until next week" or "good things are just around the corner" baloney. Even if it were true, which it is not, it wouldn't matter. Nothing, including the return of the Messiah himself, can make Qtrax a success.
Besides, DRM was right--how can a company exist, let alone raise money, when it has more in monetary judgments against it than its entire market cap? It can't because effectively the company is insolvent. No one wants to address that fact.
BTW, I have yet to hear anyone provide an explanation why there has been no new releases for the whole year on Qtrax. What does that tell you?
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