THEY ARE NOT THE SAME
The Spotify Chart
Spotify has taken a full half circle trip to its "IPO" price. Spotify moved as high as $35B in market cap but is now valued at $25B. It recently broke below its all-time low and is trying to find some stable ground. The company has a strong position in music streaming but is going up against loss losers like Apple, Amazon, and Google. Time will tell how this model shifts, but investors are not buying it anymore...
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Disclaimer: This is not a recommendation for purchase or sale of any securities. Avory is a not a shareholder of either company, but this can change at anytime.
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