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The streaming bubble that could burst

Like Twitter, music streaming services are killing it with huge mobile audiences – tens of millions of users and rising. But they are struggling to turn growing audiences into growing business success and a burst of consolidation is likely on the horizon.

Sound smart: None of the big players are profitable: Spotify is about go public; Pandora is taking big money from SiriusXM to compete; and Soundcloud just laid off 40 percent of its staff to stay afloat.

Data: Monthly uniques from Verto Analytics. Subscriber counts self-reported. Spotify and Apple from 2017, Rhapsody and Tidal from 2016; Chart: Andrew Witherspoon / Axios