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by joshjkim
2992 days ago
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biggest jump ball: Apple/Google/Amazon competing services. spotify deserves real credit for changing how people consume music, and I think that story will serve them well in the short-term, but their biggest risk is Apple/Google/Amazon who provide competing services that don't have any current pressure to turn a profit - Tim Cook basically said "we don't plan to make money"[1], a bad thing to hear from your primary competitor who also happens to be the most valuable company in the world. as i've said before on diff threads, I would not be surprised if Apple announces a big price decrease or other apple music news right before Spotify's first or second earnings report. still, impressive for them to make it this far, if they can really find a path to profitability that also fairly compensates artists, I wish them the best! I think it's more likely that as apple/google/amazon force them to continue to operate at a loss, downward pressure on their stock will make them a good acquisition target for one of the big tech companies looking to compete with Apple Music (Amazon seems like a real possibility here - a spotify acquisition feels similar in size and scope to their recent WF acquisition, essentially another double-down on their "everything store" vision/story). [1] https://www.fastcompany.com/40525409/why-apple-is-the-worlds... |
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Google Play Music could be an option, at least they have a functional web player, but neither it nor the Android app are anywhere close to Spotify's apps.