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I was replying in kind to you - if you wish to bash a stock and not look at balancing your posts do you expect anything different ?
No need to be condescending. Rather than having a one eyed view that is closed to other opinions, suggest you apply some critical thinking to both sides of the debate and then reach a considered conclusion. If you are only interested in hearing your own opinions echoed back at you then I won't waste my time with you. Nevertheless, I wish you good luck with your investing and genuinely hope you make some good money with this stock.
Spotify has revenue of $2b and still loses money .... it is not a long term viable business model and has too much competition.
7DIG is a specialist B2B music catalogue that is redefinable to different segments/demographics of society, this is where the new contracts are coming from and why the margins are higher as people are paying for the defined demographics and personal data sets they get from say GrandPad® brings content and convenience to a market of 300 million seniors.
If you haven't studied business and economics this might be hard for you to grasp so I have kept it very low brow .... good luck with your holding in Spotify, if it is proving a bit tricky you could try Grandpad on trial ?.
Can you name any big, growing 7dig B2B customers that have an audience anywhere near the size of Spotify and pay £9.99 each? With 7dig, It's all small fry music plays with tiny or small customer bases compared to Spotify using the music service (eg Jazzed). Half of them fail and disappear and probably don't pay their bills. With the ones that succeed, 7dig gets a much smaller revenue share than Spotify does. So if Spotify loses money why do you think 7dig will be able to do it better?
7DIG has plenty of potential to 10 bag .... massive, massive, potential to take it to a lowly 5p via its growing B2B customers .... No Brainer.
Spotify is probably there or thereabouts already on realising its full potential and is loosing money even with $2B revenues ....
7DIG 80 Million songs Spotify 60 Million.
7DIG Break even as of June 2020 Spotify loss making.
7DIG contracts with growing B2B Spotify has to approach end users.
7DIG - Legal case dropped with minimal legal costs for own defence.
Fully funded ..... Shorts getting burnt and closing ( read their posts on here to try sow doubt )
Ive bought a load - so have others , will be adding this week on anymore weakness.