As a result, this leaves a potential risk to revenues for the soon-to-be-public company.
This means that the remaining 86 million were users of its free service, which includes advertising messages.
Instead of a traditional IPO, Spotify had filed for a direct listing of its shares last week.
It will also hurt the trust the company has gained with their advertising clients.
Currently, Spotify remains the largest music streaming service around, with Apple Music considered as its closest competitor.
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source: www.techworm.net
