$600MM loss, and at most moderate projected growth rate in an easy to enter digital app market makes us wonder...

$600MM loss, and at most moderate projected growth rate in an easy to enter digital app market makes us wonder whether history is repeating. We might be seeing the SOS of unheard valuation for a company that has not seen profit yet.
https://www.google.com/amp/www.billboard.com/amp/articles/business/7833686/spotify-2016-losses-financial-results-revenue

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