Can Spotify Possibly Be Worth Twenty Billion Dollars?

Or, in other words, can it be a force in music that disrupts labels the way Netflix disrupted … well, what exactly did Netflix disrupt? Movie rental stores. Meanwhile, Apple Music might have fewer subscribers, but it doesn’t need to make a profit; and let’s not even talk about how many places Amazon Music might be in a customer’s home. But Spotify’s going on the New York Stock Exchange anyway.