How the company is building a core component of the internet´s infrastructure.
Thank you for great article. The idea of nuance, while hard to quantify, does seem compelling. And I agree with the thesis that there may be asymmetric investing opportunity given current Spotify valuation. That said, lately I have found myself using Youtube Premium as a podcast venue, as it enables videos to be played as audio only in cars, and it's actually the go to resource for me to listen to your appearances on other shows like Darnton. It seems to be cumbersome to use Youtube to watch videos and use Spotify for audio when they are both essentially providing information (electrons with audio, ans video is just another layer with audio). It seems possible that two might merge, and potentially Google might dominate the audio content when it comes to information delivery, especially given their track record with AI and data management. Just was wondering if you thought that that could be potential alternative scenario that you thought had merits.
If you read the last results....Businesses that funnel most of the economic gains to management can be dealt with simply: avoid.