Spotify has reached an important milestone, but Americans are still waiting for their chance to try it out.
The music service announced today that it has hit 1 million subscribers. The company reached the figure nearly two years after it tallied its 1 millionth registered user. Spotify's Web site says it now has 10 million such users.
The discrepancy in users compared with subscribers is due to Spotify's business model. The company offers a free, ad-supported version of its service, allowing people to stream music for a limited amount of time. It also has a premium service that … Read more