I like their music discovery functions e.g. generated playlists and song/playlist/artist "radio". My playlist variety expanded greatly over the past 3 years bec

I like their music discovery functions e.g. generated playlists and song/playlist/artist "radio". My playlist variety expanded greatly over the past 3 years because of these features from Spotify. A centralized platform that is relatively to use (nonsensical UI changes aside) is a strong incentive for users to stay, though by no means a moat. The end game was always about rapidly burning VC money to acquire more users, while kicking the can of profit-making down the road. Now ZIRP has ended for the time being, the chicken has finally come home to roost.