Better Buy: Spotify vs. Verizon
Spotify Technology (NYSE: SPOT) and Verizon Communications (NYSE: VZ) couldn't be more different. Spotify is the world's largest paid audio streaming business and is growing like a weed without currently generating profits. Verizon is a telecommunications service provider and media giant that's not growing but pays out a portion of its profits as a dividend that amounts to a 4.3% yield.
Let's compare the two to see which is the better choice.
Spotify has over 271 million monthly active users (MAUs), including 124 million paying premium subscribers, and grew both metrics by 31% and 29%, respectively, last year. The company competes with global streaming services Apple Music, Amazon Music, and Alphabet's YouTube Music, but Spotify has begun to run away with the market. The primary reason is that Spotify has developed, and maintained, an incredible product.
Source Fool.com
