Spotify Gains, YouTube Loses
YouTube in the recent past few months were reported to be working on something. The reports points to a music streaming service that everyone seems to be loving these days. It proved to be a bumpy ride for them trying to get things done with one of their key manager to a small start up. Most recently YouTube lost yet another staff, worst part is that it is one of their executive officer, Shiva Rajaraman. This YouTube exec, now former has moved to none other than Spotify, the music streaming giant.
The news of the move have been already confirmed by YouTube and nothing else. The move though does not seem to discourage YouTube from trying to build their own music streaming service. The question will obviously be whether or not they can compete in the already competitive industry and how will they plan to compete if at all the reports were true.