Agree services like this defeated music piracy. However since we're talking about the IPO, Spotify faces major competition from Apple Music. Unlike Spotify, App

Agree services like this defeated music piracy. However since we're talking about the IPO, Spotify faces major competition from Apple Music. Unlike Spotify, Apple does not need to turn a profit on the service. (They've even implemented a solid weekly "new music mix" discovery service... and the apps are native.)