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Definitely overhyped. Once the hype settles. I am in. IHeart IPOd at about 2-3 per share, so I was expecting similar.
I wanted to buy in when this IPOd but damn it IPOd too high...I was thinking $20-40 per share to start.
very new to all of this but i can't believe what im reading here. you guys are all trolling right?
any of you who bought first day at opening would get outsmarted by any 15yo crypto trader kid because they know what happens day 1 when something is listed and one group of people already trades it and the others don't.
its hard to compete against apple? WHAT?! bohoo?! they already are competing and took over itunes by search interest early 2017. itunes is pathetic. feels like a software from the 90s...
https://trends.google.com/trends/explore?date=all&q=spotify,itunes
here is what i see from consumer/outside perspective:
- for 10 bucks you get access to the biggest music library in human history
- there is NO illegal alternative streaming platoform which has a better library (there is for netflix, netflix library is embarrassingly small, total rip off.)
- the company is loosing money but they dont increase sub costs.
- from a software/UX perspective, itunes is not even close to compete. nothing is.
if you are streaming music in 2018 and its not spotify, you are.. probably over 50yo.
and here is something interesting ive spotted looking into it:
spotify premium to freeuser ratio halfes every year from 2015-2017. thats right. most people who start to use spotify for free end up paying for it - beaucse its a solid platform. beacuse its not a rip off.
once they establish themselves as not only a streaming platform but also a publishing and marketing platform they will cut down on music label costs and legal fees drastically. because new artists simply will not have the need to sign a shitty record deal anymore.
first goal as a musician is not to get a record deal anymore: first and foremost you have to establish a social media following.. once you have that: if you could pick between signing all your rights away as an artist of self publish your work on spotify, which would you choose? its near zero marginal cost. no record label needed!
now what worries me, being a newbie to the market, especially after reading on this board is - does the market have the ability to value in the event horizon and solidity of this company? seeing things like facebook and tesla being hot stocks i cant find myself thinking that people dont actually care about the product.
would love to see some fruitful discussion here.
How can SPOT be worth more than PYPL @$79..
It’s hard to compete against Apple & Google music. For $9.99 get any album new release included.... I see sell off.... $20... My entry here.... SPOT
everything I going down over the summer
I started building cash positions in 2016 and 2017.
market topped out in January for the year, maybe the next couple (well see) the algos really push things both ways hard.
cannot wait until we close below 200 day and then have another big sell off.
as for SPOT, ya this might be worth $100-$120
Shorted it once from 155 down to 138. Hope to short it again. Was like taking candy from a baby.lol
This scam will be under $100 by the end of the month imo
I can’t believe anyone would buy into this without letting it find its balance first. I’ve been a Spotify user for years now and would love to jump in when this finds its bottom. I don’t think today will be that day though. Good luck everyone!
Wish I had shares to sell or borrow to short. What a joke this is...
Stock needs to get in balance, should happen over the next few weeks.
Alway's tricky with a direct listing.
Agreed, the prices right now are pure hype....nothing else. Pandora's SP today is 71% below its 2011 IPO (and to be fair, the IPO was $16, and P did hit $40 in 2014).
Now, P and SPOT operate differently and are two separate companies (for now), but it shows how what was once seen as the future of music streaming isn't always what people think.
SPOT has some headwinds ahead, but I do see why people are optimistic about them too.
There Was No Way I Was Buying This Stock Right Out Of The Box... Its Not Worth These Prices IMO
What does that matter when talking how many shares are out there? Lol
This wasn't an IPO lol it was a direct to market listing
Spotify said in updated IPO documents Tuesday that about 162 million of its total 178.1 million shares outstanding will be available on the first day of trading. Daniel Ek, Spotify’s co-founder and CEO, would be eligible to sell his entire stake if he so chooses.
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THIS MAY BE ONE OF THE BIGGEST SCAMS EVER....IF STOCK CLOSES BELOW THE OPEN PRICE OF 165.90, YOU WILL PROBABLY NEVER SEE IT AGAIN...CAN'T BELIEVE PEOPLE FELL FOR THIS TRAP, SUCKERS BORN EVERYDAY.
STAY FAR AWAY!!!
A couple of articles i have read did not mention how many shares available. I don't think there's going to be any shortage of them, though.
Initial euphoria and buzz clearly rule today. Proof in the pudding will be in the next couple of years. Pandora is in serious trouble and it will be interesting to see what Spotify does (or doesn't) do with them.
I read there’s about 160 million that are available though, how many sellers today...who knows. But that a lot of shares available
They didn't set a number of shares, and they eliminated the middle man in selling the shares.
Based on what?
It'll drop big time eventually, but $5 is probably a stretch.
Big interest, then the buyers will realize in the news stories that SPOT has yet to turn a profit and the company is facing a billion-dollar lawsuit over record rights.
Below $100 eventually.
Trading now, at 160ish
No, but it is supposed to sometime today.
Not a chance its going that low.
$SPOT: Gonna bid $5 open
Lets see if someone hits my BID.
Got an order for 2000 shares at $5 if it hits it.
GO $SPOT
Unusual IPO. Wall Street is not taking a central row in SPOT IPO. Direct listing on NYSE. May be volatile first day here.
Dow up in PM. > Going to be big day for SPOT > IPO.
Coming on line tomorrow, what's everyone's thoughts?
https://www.wsj.com/articles/how-spotifys-unusual-first-day-of-trading-will-play-out-1522587600
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