![]() The company released Greenroom to compete with Clubhouse Drop-In Audio. The Joe Rogan Experience, Gimlet Media’s podcasts, and Call Her Daddy are just a few of the gems in its growing content library.Īnd then there’s the company’s Clubhouse competitor. The company spent approximately $1 billion acquiring podcasts over the past two years and now owns the rights to some of the biggest on the planet. As people moved indoors, streaming services were king, and shares reached a high trading price of $387.44 before leveling out below $300.00, a price analysts believe it can eclipse. Spotify got a big boost in its stock price when lockdowns took effect. Could Spotify Be The Netflix of Audio Streaming? Its massive platform has about 1.4 billion people using the Groups feature alone which is where much of the social audio and podcasting will take place. The company has a fast lane to audio creator success, but Facebook is a nearly trillion-dollar juggernaut. The company spent about $1 billion on podcast-related acquisitions over the past two years, including the Joe Rogan Experience and Call Her Daddy. Spotify is a $50 billion company that’s deeply embedded in both the music business and podcasting. ( NASDAQ:FB).īut which is the better investment between Spotify vs Facebook? Now two major competitors are in the mix that may take the reigns of this new buzzy technology – Spotify Technology SA ( NYSE:SPOT) and Facebook, Inc. But as time went on, every tech company started working on a competitive technology. Clubhouse Drop-In Audio made a huge splash in 2020 for kickstarting the social audio revolution.
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