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Apple today announced it has acquired music recognition service Shazam, marking the company's highest-profile purchase since it acquired headphone maker Beats for a confirmed $3 billion in May 2014.
travelin cat wrote:
The article states that Shazam was worth $1 Billion in January of 2015. Having never used the app, I can't wrap my head around it being valued that high. I see that it's been downloaded over a billion times, but how does it make money to validate that worth?
joined:Oct 2, 2017