Tulips, Nationwide, and Spotify
The world loves bubbles. Irrational exuberance is what Alan Greenspan called it in a speech he gave in 1996, when describing speculation in the markets. Well, music lovers, now we have Spotify.
If you haven’t heard, Spotify is a music service imported from Europe that was recently licensed by all of the major labels for the US. It’s what we call “on-demand,” because you can build playlists from an extensive library and listen as you please, as opposed to “adaptive radio” (e.g., Pandora) which interprets what you like and serves up similar music. Read more »

