|Bid||180.06 x 1100|
|Ask||180.40 x 1100|
|Day's Range||178.91 - 181.46|
|52 Week Range||154.25 - 384.33|
|Beta (5Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||246.56|
The optimistic case for Spotify Technology (NYSE: SPOT) has always been that it would create an advertising network like Facebook, except for your ears and not your eyes. The company can connect listeners and creators of music, podcasts, and audiobooks with highly targeted ads from advertisers around the world, generating revenue that can be shared with suppliers. Spotify might not have Facebook's upside in terms of scale, but the potential for a very profitable, sticky business is there.
Most people probably never even heard of the metaverse before Mark Zuckerberg decided to change Facebook's name to Meta Platforms (NASDAQ: META) and go all-in on alternate reality. CEO Bernard Kim told shareholders Hyperconnect is not working out as planned, and "given uncertainty about the ultimate contours of the metaverse and what will or won't work ... I've instructed the Hyperconnect team to iterate but not invest heavily in metaverse at this time."
In many ways, non-fungible tokens (NFTs) are the use case that launched cryptocurrency into the popular lexicon for the first time. Suddenly, individuals who were previously uninterested in the decentralized merits of Ethereum (CRYPTO: ETH) were buying packs of NBA Top Shot NFTs and celebrities ranging from Justin Bieber to Neymar Jr. were proudly showing off their Bored Apes online. While NFT sales have cooled as crypto prices have declined in 2022, there are plenty of signs that the NFT market is picking back up.