This ‘world-class disruptor’ is the next Netflix…
Early last week, shares of Spotify Technology US:SPOT took a hit when Guggenheim analyst Michael Morris cut the stock to sell, on the belief that “the market is now pricing shares for blue-sky growth, which has made the risk-reward unattractive.
Spotify is “rapidly becoming something of a monopoly in the audio industry,” he wrote. “It’s doing what Facebook did with social media… what Amazon US:AMZN did with online shopping… and what Google did with online advertising…
Source: MarketWatch
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