Earlier quoted context omitted.
There aren't enough IPOs and companies to invest into, so the public markets are chasing anything they can get their hands on. Do these companies have value? Absolutely. Is the demand arbitrarily high because there's supply? Absolutely.
Yeah, that makes sense I suppose. I just don't see the growth path for Spotify. Yeah, they have an excellent music service, but whats next? Edit: and I as about growth, because I don't see how Spotify is currently worth 30B.
Spotify opens on NYSE, valuing company at almost $30B
471–479 of 479 posts
Re: Spotify opens on NYSE, valuing company at almost $30B
#472Earlier quoted context omitted.
And I can only say that Discover Weekly and the Daily Mixes are absolutely spot-on for me.
It works great for me when I'm not experimenting. But if I listen to an album of a genre I don't normally listen to my next weeks playlist gets pretty spoiled.
Re: Spotify opens on NYSE, valuing company at almost $30B
#473Earlier quoted context omitted.
Only in the US, Spotify is huge in Europe and other parts of the world, where Apple Music is basically unknown.
Spotify is actually small in the world. All music service subscribers combined are a mere ~110 million. Eddy Cue recent pegged the market opportunity at 2 billion.[1] And Apple Music ramping the fastest.[2] [1] https://www.cnet.com/news/apple-music-hits-38-million-subscr... [2] https://twitter.com/asymco/status/973568200616050688?ref_src...
Apple music is basically a no-show in Europe and Asia.
And those numbers are only paid subs. Spotify has a ton of free, ad-listening users.
Re: Spotify opens on NYSE, valuing company at almost $30B
#474Earlier quoted context omitted.
I'd wager that Spotify is nearing the point at which - if not already there - record labels cannot afford to revoke their license. If they can get away with it, they'll try to push some buttons, but I doubt a full confrontation. If there's any evidence against this, please let me know. I think it's interesting.
Spotify's market share is currently being attacked on both ends. Apple Music is supposedly set to surpass Spotify in number of paid subscribers this summer. Youtube has always had more free listeners than Spotify, as far as I know. It's not at all clear who the major players in the music streaming business will be five years from now, which means that all of the power remains with the owners of the music that people…
Where did you get this info? Look at the graph
https://www.statista.com/chart/8399/spotify-apple-music-paid...
Re: Spotify opens on NYSE, valuing company at almost $30B
#475And in Sweden, home of Spotify, the other big news is that NYSE raised Switzerland's flag. https://www.thelocal.se/20180403/spotify-swiss-or-swedish-wh...
Re: Spotify opens on NYSE, valuing company at almost $30B
#476Earlier quoted context omitted.
It’s already happening, and it’s less of a problem than I thought it would be. Some of my playlists are 200+ tracks. A few songs go missing from time to time. I can never remember which tracks have gone, I just know something’s missing as the flow from song to song is off. It’s extremely irritating, but not enough to make me go elsewhere as I can’t see any other service not having the same problem.
In case you’re not aware, there’s a setting to show unavailable tracks greyed out in your playlist, so at least you can tell which ones are missing.
If a song is removed from Spotify entirely, it just disappears from the playlist.
I'd love to be proven wrong, however, and start to see all the tracks that have disappeared in the past!
Re: Spotify opens on NYSE, valuing company at almost $30B
#477I'm not quite clear on why people are choosing spotify over google play music - to me the google option is superior in UI and offerings (including ad-free youtube). Am I missing something? Is it just one runs better on iPhones or is more hip (like why people choose snapchat over instagram or something)?
Spotify has one mission: music. They do it really well. Google has a hundred hands in a hundred industries and only do a few of them very well. Google could shut their music service down for no reason at all. Spotify on the other hand has just gone all-in on ensuring they are a lasting institution. In the same light, Spotify is incentivized to crush the music app space. They need the best UI, the best discovery exper…
A nimble team of people focused on solving one core problem, whose entire livelihood depends on it working well, triumphs the giants.
We can assume Microsoft and Google has enough middle management that they’ll fk it up along the way for sure. Too many agendas and failure doesn’t mean much.
Therefore it’s in the best interest of giants to acquire companies that fit their mission and scale them with their marketing power. YouTube, Android, docs, are all good plays by google.
Re: Spotify opens on NYSE, valuing company at almost $30B
#478Earlier quoted context omitted.
It works great for me when I'm not experimenting. But if I listen to an album of a genre I don't normally listen to my next weeks playlist gets pretty spoiled.
You can switch to a private session if you don't want to affect your recommendations, just a heads up.
Re: Spotify opens on NYSE, valuing company at almost $30B
#479Earlier quoted context omitted.
Read the context.
I did. The context is Spotify's back catalogue. Which includes the Beatles, Pink Floyd, Motown, et al.
Thus, Spotify can't directly attempt to go in the same direction that Netflix did, as the other labels would see them attempting to compete and could possibly pull out, destroying any reason to use Spotify in the first place.