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Spotify (NYSE: SPOT) is the world's largest music streaming platform. Its stock has been on a tear this year with a 142% gain so far, which crushes the 23% return in the S&P 500 (SNPINDEX: ^GSPC) .
The big question for investors is whether Spotify is a buy after this monster run. As of this writing, the stock has a market cap of $97.5 billion. Revenue over the last 12 months was $16.4 billion.
On February 19, 2021 Spotify shares closed at a record high of $364.59.The company's market cap was north of $69 billion. Today, the stock is trading below $80 a share, down roughly 70% in 2022 ...
Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Sure, you can listen to music for free, if you don't mind commercial breaks on the radio. But many of today's music fans, like college student Awa Chong, prefer streaming, without the ads.
South Korean boy band BTS is the most-streamed group in Spotify's history. [1] The following list contains the most-streamed artists on the audio streaming platform Spotify. As of February 2024, American singer-songwriter Taylor Swift is the most-streamed artist, [2] and Canadian rapper Drake is the most-streamed male artist in Spotify's history.