Appears like America’s doors are still wide open to new musical immigrants, because Spotify’s stateside foray has just boosted its overall valuation to $1.1 billion. That’s in response to its two most modern investment rounds, which racked up another $100 million from new and old investors who’re clearly convinced that the streaming platform can carve out a spot between existing rivals like Rhapsody and new entrants like Google Music and iCloud . Meanwhile, AllThingsD are reporting figures from an unnamed source who says that the London-based company now has 1.4 million US subscribers, of which 175,000 are coughing up $10 monthly for premium features like mobile access. If accurate, that equates to a conversion rate of 12.5-percent — not quite as high because the 15-percent it achieved in Zamunda Europe, but still impressive.
OMAP 5′s dual A15 cores wipe the ground with four A9s in browsing benchmark
The winners of the 2011 Engadget Awards — Readers’ Choice
