Spotify Valued at $29.5 Billion as Stock Begins Trading at $165.90 Per Share

for a company that has never turned a profit. wow

These tech valuations are ridiculous.

Edit to add that the valuation suggests a per active user value of $188. That’s everyone. Not just premium paying customers.

Seems steep.

there’s definitely another tech bubble brewing.

OMG! 30 BILLION! LOL do they even make any money? This is insane. At $170 a share, you can count me out. I'm sure it will be a fun ride for some, but in the end this valuation will do them in. Its one thing to not make much money as a startup, its another to try an keep investors happy when they paid $170 a share. How do they expand? Sure their user base is growing but everyone has heard of Spotify. Its not like there is some untapped market to hit. As an investor, I would be weary.

What a joke. Congrats to Spotify’s management as this valuation is totally messed up considering they didn’t make any profit and lack any strategic direction.

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