I am pretty much torn over SPOT. I have used Spotify, Apple Music, and YouTube Music. I have to say that playlists and recommendations from Spotify are the best. Even though I love using Spotify, I am not sure whether I should put any money into the stock.
The main issue I have with SPOT is it is the only company in the music streaming game that needs to make money off of music streaming. All the other companies (AAPL, AMZN, GOOG) don't have to make a penny from their music streaming services because all of these companies have way more profitable lines of businesses. Besides, music streaming does not have any economy of scale to speak of. The more users you have, the more music is getting streamed, the more royalties you have to pay out.
Any thoughts on why SPOT should have a spot in a stock portfolio?
Submitted June 07, 2021 at 12:31AM by Asleep_Cup_1337 https://ift.tt/3fXmvE7
