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Spotify opens on NYSE, valuing company at almost $30B

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Re: Spotify opens on NYSE, valuing company at almost $30B

#441

Post by creaghpatr »

k_sh wrote: post #363
pc2g4d wrote: post #305

Earlier quoted context omitted.

Spotify already is a label. Right? A bunch of artists have done "Spotify Sessions".

Publishing recordings of live performances is pretty different from having a division of the company dedicated to supporting the careers of an artist roster

I believe they are testing this in the 'generic' categories of music. Think elevator muzak - people want the ends and don't care about the means, so they can white label artists who make albums like "Ambient sleeping tones" or "Rain sounds" and algorithmically crowd out independent artists doing the same thing, thus getting a cut of the royalties in addition to the distribution fees.

Edit: Like Aldi does for groceries

Re: Spotify opens on NYSE, valuing company at almost $30B

#442

Post by bogomipz »

dang wrote: post #395
bogomipz wrote: post #386

Earlier quoted context omitted.

>"Your original point was that millennials and younger love the Beatles on Spotify" No my original point was the value of back catalog. While its unfortunate that you aren't able to follow the conversation, it's even more unfortunate that you insist on making comments when you have nothing of value to add.

Would you please do a better job of respecting the civility rule here? You've broken it frequently. That's a problem. https://news.ycombinator.com/newsguidelines.html

I will yes and I realize I should have just have flagged the OPs comment rather than respond at all. Cheers.

Re: Spotify opens on NYSE, valuing company at almost $30B

#443

Post by verelo »

bogomipz wrote: post #357
verelo wrote: post #354

Earlier quoted context omitted.

Yeah i disagree. In 20 years, the Beatles and ac/dc will be less relevant and easier to live without. If Spotify start their own content channels now, and i imagine they have, the situation could easily be reversed, where they have exclusive rights to the content that others want. Time will tell but i feel like this can go either way.

>" In 20 years, the Beatles and ac/dc will be less relevant and easier to live without." If you made that statement I'm guessing that you don't realize that the Beatles have been relevant for 50 plus years now and AC/DC for 40 plus years. They are so enduring because they are classics. It's amusing that you believe that when yet another generation discovers these artists they are somehow going to become less relevant…

I’m not totally stupid (just a little...), of course they have been relevant for a long time, but i think their ability to be a differentiator in what people choose to pay for exponentially deminishes as time passes. They will matter to some for sure, but i doubt it’ll be enough to really make or break the offering. Also, maybe in 20 years they’ll manage to license the content?

Re: Spotify opens on NYSE, valuing company at almost $30B

#444

Post by verelo »

KozmoNau7 wrote: post #417
praneshp wrote: post #175

Earlier quoted context omitted.

I don't know too much about buying shares, but anyone that knows less than even me should not be buying individual stocks (that too based on IPO day hype). https://www.bogleheads.org/wiki/Getting_started

Absolutely. Buy index funds, don't worry so much about fluctuations, keep a long-term perspective.

I agree with the above two remarks. In my situation the money i “experiment” with at an individual stock level is not relevant to my end of work plan. I assume the spend is as healthy as buying a sports car, and while I’d love to be wrong, I’d encourage you to buy index funds and treat individual stock picks in the same manner.

Re: Spotify opens on NYSE, valuing company at almost $30B

#445

Post by verelo »

SirLJ wrote: post #131
verelo wrote: post #4

So i bought in, who knows where this will go though :) One of my hopes it that just like NFLX, once the company focuses on producing / licensing it's own content they can do really well. I'm interested in hearing what others have to say on this! Did you buy, will you buy? Why?

Where did you buy? Did you sell already? The price is going down pretty much since the open...

~$160 - I’ll sit on these for years, the price here is likely irrelevant to the long term.

Re: Spotify opens on NYSE, valuing company at almost $30B

#446

Post by verelo »

browie wrote: post #50
verelo wrote: post #4

So i bought in, who knows where this will go though :) One of my hopes it that just like NFLX, once the company focuses on producing / licensing it's own content they can do really well. I'm interested in hearing what others have to say on this! Did you buy, will you buy? Why?

I don't know much about buying shares but I would like to buy in and invest. Care to give me feedback on that? Where did you buy in?

Yeah i have no good advice other than to buy into the indexes. If you’re picking stocks it better be for fun, in my case that’s what it is.

Re: Spotify opens on NYSE, valuing company at almost $30B

#447

Post by verelo »

skinnymuch wrote: post #165
verelo wrote: post #4

So i bought in, who knows where this will go though :) One of my hopes it that just like NFLX, once the company focuses on producing / licensing it's own content they can do really well. I'm interested in hearing what others have to say on this! Did you buy, will you buy? Why?

If you don’t mind answering, what price did you buy in at)m? I’m watching the stock right now.

Answered below.

Re: Spotify opens on NYSE, valuing company at almost $30B

#448

Post by SirLJ »

kolbe wrote: post #437
SirLJ wrote: post #254

Earlier quoted context omitted.

Precisely... How much down did it close at the end?

There is no "down" because there was no IPO price to begin with. price_change = current_price - previous_price. There was no made up IPO price on Monday, so there was no made up level to defend. The only previous price we had was the last private round. And I think the close was about 60% higher than their last funding round.

Open for regular investors to trade at 165.90, close at 149.01 = almost 10% down for the first day...

Today open at 140.00 another 6% gap down...

Re: Spotify opens on NYSE, valuing company at almost $30B

#449

Post by letslightafire »

kissickas wrote: post #404
letslightafire wrote: post #155

Earlier quoted context omitted.

GPM has a lack of some international artists. This Taiwanese artist is on Spotify but not Google Play Music. https://open.spotify.com/artist/2JBUyLiFvpFPWdZGqIGYLD?si=uq... https://play.google.com/music/listen?u=0#/sr/crowd+lu Nothing except youtube, but that's just cheating. Same with this one. https://open.spotify.com/artist/0tNjyz75Px29Yuf1sjs25G https://play.google.com/music/listen?u=0#/sr/cosmos+people

Google Play Music has Jay-Z, as far as my research shows. (unfortunately I can't check as I have Spotify due to their network affect roping me in through a family plan) Is it really fair to say Spotify has a bigger library outright? Spotify claims to have 35m songs and GPM 40m. Not that that means much, either. The killer feature GPM has over Spotify is that you can upload your own tracks to fill the gaps wherever th…

Spotify has Jay-Z as well.[0] I would say it's hard to really quantify which library has the larger selection as most of the differences would be completely obscure music that no one listens to. However, I haven't seen any artist on GPM that isn't on Spotify while the opposite can't be said.

Spotify has the ability to upload music as well, however that is contingent on you having premium.[1]

[0] https://open.spotify.com/artist/3nFkdlSjzX9mRTtwJOzDYB?si=j1...

[1]https://community.spotify.com/t5/Desktop-Windows/Can-you-upl...

Re: Spotify opens on NYSE, valuing company at almost $30B

#450

Post by salvar »

komali2 wrote: post #133
salvar wrote: post #104

Earlier quoted context omitted.

Yeah, it's just because it's more hip. After all, you know best which UI is superior for all people.

I didn't claim to "know which UI is superior for all people." If you look closely, you might see that I had included "to me." I did this on purpose to make sure nobody thought I was speaking for them. I am annoyed that you did so anyway. My comment was an opportunity for people to disagree with me - what about the GPM UI do you find inferior to the Spotify one?

The fact that you suggested ignorance as one of the possible reasons for millions of people preferring Spotify over Google Music speaks quite a bit towards your view of how important your feelings are.

If I ask you "Hey, why would you ever prefer the shoes you like over mine? To me, it's an obvious choice. Is it just because you don't know any better?", would you interpret that as an honest question?

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