4min chapter

The Compound and Friends cover image

It Doesn't Matter Until It Matters

The Compound and Friends

CHAPTER

What's the Deal With Snap?

Spotify, 400 million subscribers, a hundred and 58 million of them are premium. Three billion dollars in quarterly revenue. Sounds like a nice business. The problem is maybe it's not a 50 billion dollar business. And now great companies doesn't really matter. It has nothing to do with how well or how poorly spotifid might be doing. This is bigger than that. Just when like yo say, we've ben doing long enough, we know sometimes there's a good stock and not a good company, and a good company and not agood stock. They're not always in in sant oh, it's so funny about that, two years ago that they were completely in sen

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