I can see the rationale for investing in a company that isn’t profitable but could be, and has just opted to grow instead. Amazon, right? But I don’t see where Spotify’s “profit” switch is.
Amazon would briefly “come up for air” to demonstrate it could earn profit if it wanted. Spotify hasn’t done that and I don’t think they could earn a profit.
Also, Amazon didn’t go 17 years without profit. Is there any company that went that long and then went profitable?
I like Spotify, but do they even have a roadmap to profitability? Are they even projecting profitability any number of years out?
Exactly the same for Spotify, they haven't started squeezing yet which Amazon started doing a long time ago. Spotify reinvests a lot of money in itself still.
