SPOT - A Ticking Time Bomb!Spotify Technology S.A.BATS:SPOTRealMacroSPOT Earnings Yield of 1.3% according to current data — meaning you’re getting about 1.3 cents of profit per dollar invested. LOL! Better you give me your hard-earned money and I'll give you 2% instead of 1.3%. I like to splurge! :) The Structural Constraint Spotify cannot scale margins the way Netflix did because: They don’t own the content They don’t control input costs They have to pay out ~70% of every dollar to rights holders Their pricing power is weak and regulated by deals with labels The labels decide what happens to Spotify’s margins, not Spotify This is the definition of a business with a hard economic ceiling. No amount of subscribers fixes the cost structure. Spotify’s long-run net margin: 1–2% (When they “beat,” the gains evaporate the next quarter.) If Spotify hit 5% margins — a level they’ve never sustained. And on a positive note — THANK YOU for helping me hit 5,000 followers! 🙏🔥 Let’s keep going. If you find value in the work: 👉 Boost 👉 Follow 👉 Leave a comment Let’s push to 6,000 and keep building a community rooted in facts, not fairy tales.