[On :freetrade:] Spotify - SPOT 🎵

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Spotify is a music streaming platform developed by Swedish company Spotify Technology, headquartered in Stockholm, Sweden and listed on the NYSE. Spotify launched their service on 7 October 2008. As of 20 August 2018, it is available in 65 regions.

https://en.wikipedia.org/wiki/Spotify

https://www.nyse.com/quote/XNYS:SPOT

I expected to see more votes, but we’ve just started the voting. :slight_smile:

Definitely on my watchlist, just need to take time to understand the company and its financials more.

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This would be great especially as it is new to being on the market

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Really want to see Spotify on this. Music industry is growing and think, given its current price there is huge potential.

Do you know if Spotify will be added soon?

+1 for Spotify. Excited by the Gimlet & Anchor acquisitions :eyes:

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We’ve added 50 new stocks to the app today & Spotify is one of them :boom:

Lots of useful numbers in today’s announcement e.g.

the world’s currently biggest music streaming service reported that it now has 100 million paying users (up 32 percent on a year ago) and 217 million subscribers overall in 79 markets, picking up 2 million users in India since launching there in February

but also

But earnings per share seems to have taken a big hit. The company, which is still unprofitable, posted negative EPS of €0.79 (or negative $0.88), while analysts on average were expecting only negative EPS of $0.39.

& I wasn’t aware of this before

Spotify as investor also provided an update. It noted that the value of its investment in Tencent (TME) Music is now €2.3 billion, going up €652 million in the quarter.

I’ve not heard much about their lawsuit against Apple, since Apple’s response :thinking:

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They did a 10% (I think) equity swap with TME.

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Spotify was looking great pre-market today, being up to $145 but it’s seemed to of stalled at the moment around $136. I reckon maybe was worried hands sold up while it was near the initial offering price

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Spotify entering hardware business?

https://musically.com/2019/05/17/spotify-car-thing-music-podcasts-hardware-drivers/

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Also, interesting for who may buy the 50% of universal that’s for sale

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And beyond music, Spotify has just announced it’s launching a new app.

Basically it looks like it lets you create Playlists based on artists, kind of like the Playlist radio feature right now, but with multiple artists:

It looks cool, but personally I’d quite like a stand alone app for podcasts, if they’re going to roll one out! I find podcast discovery quite hard on Spotify and still consider it my music player only.

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They are slowly rolling out this layout. Just in certain markers atm

I just wish they would pay dividends…

With such huge losses I don’t think they are there yet

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The US take 15% of dividends as withholding tax before it even reaches your account. And Spotify need that cash. I prefer US listed companies to do buybacks instead if they have the money.

They have a fantastic userbase - they just need to convert them into monthly subscribers.

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The one thing preventing me from buying…
Do they have a plan to diversify?