Spotify a November 2012 report suggested strong momentum for the company. In 2011, it reported a near US$60 million net loss from revenue of $244 million, while it was expected to generate a net loss of $40 million from revenue of $500 million in 2012. Another source of income was music purchases from within the app. This service was removed in January 2013. In May 2016, Spotify announced "Sponsored Playlists", a monetisation opportunity in which brands are able to specify the audiences they have in mind, with Spotify matching the marketer with suitable music in a playlist. That September, Spotify announced
Public Services International a Hungarian, a Swede and a Swiss met in the Stuttgart trade union building for the First Congress of Public Services International. PSI is involved in the movement against privatisation of public services by corporations across the world. PSI also works against tax evasion by multinational corporations and is a founding member of the International Commission for the Reform of International Corporate Taxation. PSI's pro-worker stance has put it at odds with the WTO, World Bank and IMF who predominantly promote market solutions. PSI works in partnership with affiliate trade unions, other Global Union Federations and NGOs such as the