In February 2021, Spotify announced a new subscription tier called Spotify HiFi. The company said it would offer lossless audio (compared to the compressed audio quality you get with the other subscription tiers) and launch sometime in 2021.
About 11 months later, the company still hasn’t launched Spotify HiFi. Worse, there’s no launch date in sight.
In a response to a user query on the official company forums (via MacRumors), a Spotify representative