Spotify recently went down greatly in price, however, this is also affected by recentness of their IPO as well as activity going on in the DOW Jones. Currently, they are still emerging in market acceptance and are expected to rebound at a price of around $120, with expectations of some very long term potential positive correlations. It is medium to high risk but...
Only cons here:
1. They will go down
2. They are competing against AMZN, AAPL, and GOOGL
3. Only stupid people would pay 160 for this stupid app's stock
4. They are making Loss
5. OVERPRICED and OVERHYPED
6. The Only hope is an acquisition by one of the FANGS
Illuminati really wants to short this to the ground and Illuminati will, but we will see where it goes first.
