Ted Shaw presented Spotify's new product called INTERACT, which aims to personalize the user experience to increase user retention and engagement. Currently, 80 million users utilize Spotify with 30 million premium subscribers. To address suboptimal retention and engagement rates, INTERACT will integrate social and interactive features into Spotify's mobile and desktop platforms throughout 2016. The goal is to optimize social engagement on Spotify by personalizing user interactions and content within songs, profiles, and radio stations. Competitors like SoundCloud and Pandora currently offer some personalized social features that INTERACT hopes to expand on.