Today's Above Avalon daily update includes the following topics:
- Sonos Files to Go Public
- The Sonos Problem
- Apple Music Pulls Ahead of Spotify in the U.S.
We kick off today's email with Sonos. We first go over the most interesting statistics and numbers from Sonos' Form S-1 IPO filing. The discussion will then turn to my overall thoughts on Sonos and its IPO. The email concludes with a discussion of Apple Music reportedly bypassing Spotify in terms of the number of paying users in the U.S. We go over how troubling trends are brewing for Spotify.
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