[nopriorarrests]

I would disagree. I think Spotify is in much vulnerable position.

Twitter is selling user generated content, which costs nothing and not going anywhere. Twitter is as popular as ever. Trump, et al.

Spotify is selling something that belongs to major recording labels; Spotify just license it. Majors can change the licensing rules and torpedo the whole business in a one year, and there is nothing Spotify can do about it.

Of course they won't do it, it reckless, but I think they will be adjusting the licensing rules so Spotify will have almost zero profits for the years to come.

As investor, I would sleep much better as a Twitter shareholder.