Are TikTok And Spotify Competitors?Īn Apnews article published by The Guardian cited comments from Netflix's ( NFLX) CEO Reed Hastings at an earnings call, where he noted that "we’re competing with sleep, on the margin" and highlighted that NFLX and its peers are "drops of water in the ocean of both time and spending for people." My Buy investment rating for Spotify stays the same, as I don't see Resso or TikTok posing significant competition that will adversely affect SPOT's positive growth outlook. In this article, I discuss about SPOT's competition with TikTok and Resso, and also touch on the company's growth drivers and financial forecasts.
I last wrote about Spotify Technology in an article published on December 14, 2021, which focused on how "SPOT's recent acquisition of Findaway will play a key role in the company's expansion in the audiobook market." I keep my Buy rating for Spotify Technology S.A.'s ( NYSE: SPOT) shares.
Joe Scarnici/Getty Images Entertainment Elevator Pitch
0 kommentar(er)
