Confidential trading in Spotify shares has estimated to $16 billion. Spotify has been prominent due to subscription and shares, so there’s a possibility that they will be worth $20 billion in the future.
Although, the company is still affected by net losses. Spotify disbursed $566 million with $31 million in advance. The contract stated there’s a $33.29 million yearly rent, which is $2.77 million monthly.
What do you guys think? Can Spotify overcome this issue? Can Spotify be worth $20 billion in the future? Let us know in the comment section down below.