![Goodwater on X: "Spotify accounts for 40% of subscribers in a market dominated by large technology companies like Apple (19%) and Amazon (12%). See our Goodwater Spotify Thesis for more on the Goodwater on X: "Spotify accounts for 40% of subscribers in a market dominated by large technology companies like Apple (19%) and Amazon (12%). See our Goodwater Spotify Thesis for more on the](https://pbs.twimg.com/media/DYqv-IFWsAAelFu.jpg)
Goodwater on X: "Spotify accounts for 40% of subscribers in a market dominated by large technology companies like Apple (19%) and Amazon (12%). See our Goodwater Spotify Thesis for more on the
![Charlie Bilello on X: "At the start of the year, Spotify had a market cap that was $10 billion higher than Twitter. Today Twitter has a market cap that is $20 billion Charlie Bilello on X: "At the start of the year, Spotify had a market cap that was $10 billion higher than Twitter. Today Twitter has a market cap that is $20 billion](https://pbs.twimg.com/media/FRb58LDWYAEqk8d.png)
Charlie Bilello on X: "At the start of the year, Spotify had a market cap that was $10 billion higher than Twitter. Today Twitter has a market cap that is $20 billion
Rob Abelow on X: "Spotify's first decade was all about scale. Adding as many subscribers as possible at one low price. And it worked. → 551 million subscribers → $31 billion market
![Spotify, heading towards a $50bn market cap, is worth double what it was 3 months ago - Music Business Worldwide Spotify, heading towards a $50bn market cap, is worth double what it was 3 months ago - Music Business Worldwide](https://www.musicbusinessworldwide.com/files/2020/06/Screen-Shot-2020-06-23-at-21.36.58.jpg)