Spotify has been in the news a lot in recent weeks due to their acquisition of Gimlet Media and Anchor. Since it’s debut in 2008, Spotify has been focused on one thing: music. A few years ago, Spotify added a podcast section, but until now, it’s been a minor part of the platform. Going forward, it’s clear that Spotify is transitioning from a music company to an audio company. Spotify deserves a lot of credit for driving the music industry forward, but I am concerned about its business health long-term.
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