Spotify Is Dominating Music and Now Has a $2 Billion Win Over Apple

Spotify (SPOT 0.39%) has had an uphill battle against Apple (AAPL -0.59%) from the start, fighting against an integrated music service that had an inherent cost advantage. Yet, Spotify has more market share in music than Apple and now Europe is imposing a $2 billion fine against the tech giant for unfair business practices.

In this video, Travis Hoium shows why Apple was fined and how this is another tailwind for Spotify.

*Stock prices used were end-of-day prices of March 5, 2024. The video was published on March 5, 2024.

Travis Hoium has positions in Apple and Spotify Technology. The Motley Fool has positions in and recommends Apple and Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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