Spotify Launches Verification Badges
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Per the new criteria set by Spotify to distinguish AI from humans, it will look for an identifiable artist presence both on and off-platform, such as concert dates, merch, and linked social accounts on their artist profile. The spokesperson for Spotify told Inc. that the process would be done using both automated and human review.
Spotify generated earnings of $12.57 per share over the last four quarters, placing its stock at a price-to-earnings (P/E) ratio of 34.5. That is only a slight premium to the Nasdaq-100 technology index, which trades at a P/E ratio of 33.4, and given Spotify's blistering earnings growth, I would argue it probably deserves a higher valuation.
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There’s something especially fitting about letting Spotify do the judging here, considering The Devil Wears Prada has always been about being seen, whether you like it or not. As Miranda Priestly so chillingly reminds us,
The audio streaming specialist's stock just got hammered after its latest quarterly report, worsening an already bad sell-off.