Spotify Is Dominating Music and Now Has a $2 Billion Win Over Apple
Spotify (NYSE: SPOT) has had an uphill battle against (NASDAQ: AAPL) from the start, fighting against an integrated music service that had an inherent cost advantage. Yet, Spotify has more market share in music than Apple and now Europe is imposing a $2 billion fine against the tech giant for unfair business practices.
In this video, Travis Hoium shows why Apple was fined and how this is another tailwind for Spotify.
*Stock prices used were end-of-day prices of March 5, 2024. The video was published on March 5, 2024.
Source Fool.com
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