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Why Spotify Is Set to Win Over the Long Term

Brett Schafer, The Motley Fool
·4 min read
Why Spotify Is Set to Win Over the Long Term
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Spotify (NYSE: SPOT) was founded in 2006 on the idea of building a service with a better value proposition than pirated music, which was killing the music industry at the time. It still offers unlimited music streaming through ad-supported and monthly subscription products, but has recently launched headfirst into the podcast and spoken-word market as well. Here's why Spotify is set to dominate the global audio market, and why it should win versus its music, podcast, and legacy radio competitors.