Amazon, Google, and Apple have a combined market capitalization of over $2 trillion and comprise the majority of the FAANG tech giants.
Each of these behemoths sport huge balance sheets and a history of investments into Research and Development.The list of handicaps continue as we remember that Spotify does not sell any hardware to compliment their software. While Amazon Alexa, Google Home, and Apple Homepod all act as auxiliary pieces to support their respective music services (and other software components), Spotify is an agnostic application that can be used across a variety of devices, platforms, other applications, and non handsets alike.
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