SPOT is due for a reversal via /r/wallstreetbets #stocks #wallstreetbets #investing

SPOT is due for a reversal

I don't ever see alot if DD on here about Spotify. They're a good company and they're growing very fast yoy. They announced earning yesterday and it seemed positive yet the stock took a huge dump anyways. They're not profitable yet because they're focusing on growth. There paid user base increased alot aswell this past quarter.

The stock is way off of their all time high so you wouldn't be buying at the top. I bought them yesterday after they took a dump and I belive they have alot of room to grow.

Thoughts? What do you guys think about this company? I use it and think it's a good product. You can go on their website or download the app and check for yourself what you're getting yourself into unlike other investments.

Position: SPOT Call $200 Jan 21

Submitted July 29, 2021 at 03:26PM by gabrielproject
via reddit

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