Thoughts Stream Like I’m Spotify

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Thoughts Stream Like I’m Spotify

Trench coat flow……bottom line

 

Spotify Technology SA suffered its worst stock decline since becoming a public company, slammed by investors who weren’t impressed with a 45% jump in subscriptions last quarter. The company’s stock fell as low as $151.11, marking its biggest intraday drop yet. Before the rout, it had climbed 29 percent over the past month.

Is Spotify dying? It is possible. Most people do not use multiple streaming services, and the number of people subscribing to Apple Music and Tidal is growing immensely. Some artists are receiving payment to mention certain streaming platforms. J Cole mentions Spotify (which is what inspired the title of this blog) in many of his songs. I am sure he uses this service more than other services. But is this ethical? This digital world can be influenced very easily, and these providers are using this fact to sway potential subscribers.


2 Comments

Maya Cribbs

Maya Cribbs

September 25, 2018at 12:51 pm

I think it’s totally fair for artists to promote certain streaming sites. Think back to the earlier days of Apple music when Taylor Swift and Drake (and maybe others) were in some commercials for them. I’m sure that definitely got some people to switch over. There’s also the fact of certain artists (like T Swift) having their music available on only one platform. Whereas Spotify used to hold a majority of the streaming market, its competitors are catching up, so it will definitely be interesting to follow this and see what the company does to get their usership back.

Joseph Pokalsky

Joseph Pokalsky

September 25, 2018at 12:52 pm

You raise some very interesting points in this article. I also wonder which platform will grow to become the defacto streaming platform of the future. I am also surprised at the price drop with such growth in subscribers. Thank you for bringing this to attention!

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