Which type is Spotify? They lost over $500M in 2016 (http://www.billboard.com/articles/business/7833686/spotify-2016-losses-financial-results-revenue http://www

Which type is Spotify? They lost over $500M in 2016 (http://www.billboard.com/articles/business/7833686/spotify-2016-losses-financial-results-revenue http://www.billboard.com/articles/business/7833686/spotify-2...).