Streaming is big business, and Spotify has a huge area to grow into.
Not every company has the potential to rise in value by 10x in a decade, but Spotify (SPOT -7.28%) is a company that could. It's beating Apple in podcasts and music and is building an advertising business that could be extremely profitable. Travis Hoium covers why this is a great time to buy this industry leader.
*Stock prices used were end-of-day prices of April 1, 2023. The video was published on April 5, 2023.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and Spotify Technology. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, and Spotify Technology. The Motley Fool has a disclosure policy.
Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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