They seem to be down more than 57% since their all-time high.
- Music streaming doesn't seem to be going away anytime soon
- They don't seem to be caught up in the culture war, unlike other tech companies
- It's a Swedish company so it might be slightly better for Europeans, compared to other tech companies
- They recently had a minor scandal where criminals have used they service to launder money, which may have pushed (or kept) the stock price down a bit
I looked around a bit and they seem to be ranked as a “moderate buy” by a lot of experts.
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