this post was submitted on 29 Jul 2025
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Buy European

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[โ€“] Eyekaytee@aussie.zone 12 points 3 days ago (2 children)

Spotify is Swedish? Why is it listed next to American companies?

[โ€“] klu9@piefed.social 22 points 3 days ago* (last edited 3 days ago) (2 children)

"Yes, but...."

  • Listed on the New York Stock Exchange via a holding company in Luxembourg that issues American depositary receipts. (Who knows what percentage of its 'shares'/ADRs are held by U.S. investors?)
  • Paid Joe Rogan US$100 million for his alt-right podcast.
  • Donated $150,000 to President Donald Trump's 2025 inauguration ceremony, as well as hosted an inauguration-related brunch.
[โ€“] Eyekaytee@aussie.zone 2 points 3 days ago* (last edited 3 days ago)

yes but spotify is also europes only afaik unicorn and that needed some serious cash (many people forget but i was hearing how streaming doesnโ€™t work and spotify hasnโ€™t been profitable ever for like 15 years!! right up until last year and now itโ€™s a big evil megacorp, how quickly the story can change) europe doesnโ€™t have its unified market setup yet so america is where you have to go

this isnโ€™t a failure of spotify, itโ€™s a failure of the EU which tbf is something theyโ€™ve working on

https://www.consilium.europa.eu/en/policies/capital-markets-union-explained/

[โ€“] artiman@piefed.social 8 points 3 days ago* (last edited 3 days ago)

it's controlled by americans.