Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.

The stock of Spotify ($SPOT) has been performing well for 2 1/2 years, but recently had a white-bar sell signal with a big red sell volume bar, indicating a major caution flag. Some believe institutions may be trying to convey a message. Despite this, some predict $SPOT to reach $750 in the coming days. Puts on $SPOT were hit hard today, with some investors losing profits. There are mixed opinions on the stock, with some calling it a "shit stock" and others keeping an eye on it.