### Comment:
Spotify is dangerous as long as they’re dependent on record companies. Their business isn’t scalable. The more they stream; the more their costs goes up towards record companies. They have to start produce their own content and detach from the record companies if they want to make serious profits. But their focus on podcasts and their acquisitions of Gimlet and Anchor seems like a nice long term play. Podcast industry is gonna be huuuuuge.

### REPLY:
Correct me if I am wrong, but isn't it scalable in that they play ads? And if you pay for premium without ads that's just money in their bank. So wouldn't more millions of people using spotify make spotify more money?

### END.