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Stock impact report

Could Spotify Be a Multimillionaire-Maker Stock? [Yahoo! Finance]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
10 stocks we like better than Spotify Technology › Ever since its 2018 initial public offering, Spotify Technologies (NYSE: SPOT) has produced strong returns for its shareholders, well above those of the S&P 500 . It has recorded an average compound annual growth rate of 19.3% through this period. However, for an investment in the streaming powerhouse to turn average investors into millionaires will take similarly impressive stock market performances across the next couple of decades. Can Spotify pull it off? Spotify is the leader in the music streaming industry. This is impressive, considering it competes against tech giants such as Amazon Alphabet , and Apple , all of which can afford to operate their music streaming businesses at a loss due to their large and profitable operations elsewhere. Still, Spotify's strategy has proven highly successful. It has a vast library of artists from record labels with which it has signed deals, so it benefits from strong network effects . T Show less Read more
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