The reasoning behind all of these actions — shoring up streaming rights, decreasing losses,
etc. — point to Spotify potentially planning an
initial public offering for sometime next year, as has been reported.
History tends to punish bull markets when speculative frenzies hover around a narrowing list of stand - outs (e.g., Netflix, First Solar,
etc.), an increasing number of
initial public offerings (e.g., Twitter, Container Store,
etc.) and / or a dramatic rise in margin debt.