How Much Money did Spotify (SPOT) make in 2021?
Hence, Spotify is growing but not making money. Moreover, the subscriber base growth justifies the risk Spotify (SPOT) took by paying $100 million for The Joe Rogan Experience.
Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
What Value Does Spotify Have?
Is Spotify (NYSE: SPOT) making more money with Joe Rogan?
Consequently, many more people began using Spotify for music and podcasts. Thus, Spotify’s growth could have little to do with Rogan.
Will Joe Rogan add Value to Spotify (NYSE: SPOT)?
Joe Rogan is good for Spotify Technology SA (NYSE: SPOT) stock. Mr. Market paid $158.83 on 15 May 2020 before they announced the Rogan deal on 19 May 2020.
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