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Spotify's stock performance has fluctuated since its IPO in 2018, reflecting its growth trajectory and competitive pressures. Historically, Spotify Spotify.com pair has outperformed some smaller competitors but often lags behind giants like Apple (Apple Music) and Amazon (Amazon Music). While Spotify remains the market leader in music streaming, its profitability struggles and high licensing costs impact investor sentiment. Compared to competitors that leverage streaming as part of larger ecosystems, Spotify relies solely on subscription and ad revenue. This dependence makes it more vulnerable to economic shifts. Overall, Spotify's stock performance highlights its dominance but underscores the challenges of sustaining growth.