[oblio]

Spotify has been losing money from day 1. It also would not even make the US top 50 for tech companies, by revenue.

Booking.com is registered in the US...

[npunt]

Ah you're right, though Booking.com started in and is headquartered in Netherlands, its part of Booking Holdings based in the US.

Spotify is definitely no money maker. That said, its market share alone would/should put it in the crosshairs of gatekeeping laws.