Spotify (SPOT): The Taylor Swift Effect

Spotify (SPOT) stock price hit an all-time low recently even with active users being up 20% year-over-year. “Taylor Swift’s recent music album was a positive for Spotify as it topped the charts. Social media mentions of Taylor Swift by platform resulted in 64% for Spotify, while Apple Music, iTunes, Amazon Music, and Tidal lagged behind. Spotify has the market share in the streaming music space. Now, Spotify wants to monopolize all of the audio content space with podcasts and audiobooks,” says LikeFolio’s Megan Brantley. Tom White and Kevin Hincks weigh in on the Spotify user experience.