How Spotify Can Compete With Loss Leaders
Music streaming has been the growth engine behind the music industry's resurgence over the last decade.
Last year, the number of songs U.S. consumers streamed topped one trillion for the first time, climbing around 30% from 2018, according to data from Nielsen Music.
That trend hasn't gone unnoticed by several big tech companies, including Apple, Alphabet's Google, and Amazon. All three have launched services to compete with one of the earliest entrants into the on-demand streaming space: Spotify (NYSE: SPOT).
Source Fool.com
