Spotify had 299 million total monthly active users (MAUs), including 138 million Premium subscribers, at the end of June. But the company has even larger ambitions than just music alone. The company has already established itself as the global paid music-streaming leader, which suggests there is a lot of growth ahead of it, given music streaming adoption is still in its infancy. It's not hard to conclude that the stock of Spotify Technology ( SPOT 1.98%) is absolutely a buy.
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