Cash-Burning Spotify Desperately Needs Another $500 Million

Apple has billions to blow on a streaming music service.  Is Spotify already running out of cash?
According to a report first surfacing in Svenska Dagbladet, Spotify is now trying to raise $500 million in debt financing, i.e., loans, with creditors given the option to convert their loans into equity.  That follows more than $1 billion in previous financing, with a total company valuation north of $8 billion.
The move comes alongside heavy growth for Spotify, with whisper numbers point