Let's find out a bit more about them and why these four stocks should be bought and held until at least 2030.
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1. Spotify: The future of audio
Spotify's primary business is streaming music, but that's not its future. It's building a secondary platform in podcasts that could make it a truly revolutionary company. Podcasts started as a simple RSS feed of conversations with some advertisements sprinkled into some of them. Lately, they've become a big business despite the lack of a centralized advertising and distribution platform. And that's where Spotify comes in.
Over the last few years, Spotify has built out the tools for creators to record podcasts, a platform to connect them with listeners, and now an advertising platform. The value is in bringing millions of listeners together with thousands of podcast producers, and potentially millions of advertisers. And no company is positioned to bring together all three segments of this market like Spotify can. If it succeeds, the company could generate tens of billions in revenue from podcasts. And that would make this a great investment even a decade from now.