It's been three years since Spotify acquired live audio startup Betty Labs, and yet the music streaming service isn't leveraging the technology to its fullest potential—at least not in our opinion.
Apple Inc (NASDAQ:AAPL, ETR:APC) will challenge a €1.8 billion fine levied by European Union regulators for imposing anti-competitive practices against Spotify and other music-streaming services. Apple copped the fine in March for preventing Spotify and others from directing users outside of Apple's App Store ecosystem.
Music streaming giant Spotify has been sued in a US federal court for allegedly underpaying songwriters, composers and publishers by tens of millions of dollars.
Identifying the right media stocks to buy can offer long-term portfolios both growth and diversification. Streaming services continue to transform the media consumption landscape, as streaming content currently accounts for the biggest driver of TV usage.
The future of the U.S. economy appears promising, marked by significant investments and rapid industrial growth. President Biden's policies are revitalizing American manufacturing, particularly in green industries and microchip production, aiming to bring these crucial sectors back from China.
Investors should be amazed at where consumer priorities lie regarding monthly payments. Besides ensuring the mortgage and car are paid, consumers will likely emphasize subscriptions.
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