$Spotify Technology S.A.(SPOT)$ $SPOT today is like to $AMZN in 2001, a misunderstood "goodwill compounding machine" with the potential to solve problems for creators and fans, just as $AMZN has done for consumers, merchants and developers.

Both companies share two fundamental principles that have fueled their success:

1. Cultivating consumer loyalty: $SPOT has consistently earned the trust of its users by providing exceptional value for money, mirroring Amazon's approach to customer satisfaction.

2. Embracing relentless innovation: $SPOT is constantly expanding and experimenting with new audio verticals, such as podcasts, audiobooks, and education, echoing Amazon's diversification beyond books.

$SPOT's dominance of the podcasting market, outpacing even tech titans like $AAPL and $AMZN, is a testament to its ability to identify and capitalize on emerging opportunities.

This showcases $SPOT's prowess in recognizing and capitalizing on new avenues for growth, further bolstering its execution capabilities.

Similar to $AMZN in its formative years, $SPOT is disrupting traditional industries.

$SPOT's ad inventory is thriving due to the lack of gatekeepers in the new audio verticals, while $SPOT is well-positioned to connect creators and consumers efficiently, opening up new revenue streams.

Despite the competitive landscape dominated by $AAPL and $AMZN, $SPOT reigns supreme in the audio space, boasting over 574 million monthly active users.

This highlights $SPOT's unwavering focus on audio, unparalleled in the industry.

In the years to come, $SPOT's financials are poised for transformation as it expands into new audio verticals and margins improve.

With its relentless pursuit of optimization and iteration, $SPOT could even establish an "AWS equivalent" in the audio realm.

While this vision may not materialize, the potential upside is large.