Spotify is applauding the European Commission's decision to punish Apple a whopping €1.84 billion for engaging in anticompetitive behavior in the streaming music industry. The judgment was made today.
Establishing a business in Europe was the rage among North American venture capitalists a few years ago. The market drew companies of all sizes, from OMERs and Lightspeed to Bessemer Venture Partners, and the Spotify IPO appeared to awaken North American VCs to Europe's potential to generate outsized exits. VCs were anxious to ensure they were not left behind in the next wave.
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