Bullish:

• 🟢 $SPOT - Spotify is positioned for future growth and profitability due to its long-term investment in R&D for the music industry, challenging the market narrative of an unsustainable business model. The company's strategy includes expanding into audiobooks, which could significantly increase market size by bundling them into the subscription model.
  • “We are literally the R&D department of the music industry. We invested and have had losses for fifteen years and the music industry has been gaining profit.” - Gustav (1:00:23)
  • “In The US, audiobooks was a very niche behaviour, ten, eleven million or something people who paid for them a la carte. And the idea was that's a limitation because of the business model. When you pay a la carte, you're not going to explore new books at $15 per book cost.” - Gustav (1:14:10)
• 🟢 $MUSIC - 🔒

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• 🟢 $GENAI - 🔒

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