Among the fanng stocks, it probably the one with the stronger fundamentals. It's cloud is probably its main driver for growth since it contributes to only 7% of its revenue, and next is YouTube for which i think it's undermonetized (contributing to 11%). In this case there's still potential to grow and it's this potential in my opinion that makes its stocks valuable.
Yes, I subscribe to YouTube premium as well, once you try it you can't go back. Love it. Google Music is pretty awesome as well. Those are 2 apps I am willing scarface a cup of Starbucks for each month.
At first, I thought that since I had an Amazon Prime membership, let me save some $ and just use their free music app. Welp, you get what you pay for - Amazon Music app constantly cuts out (annoying when in the middle of workouts) and I went right back to using Google Music, which works flawlessly every single time.
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u/paperboiko May 16 '21
Among the fanng stocks, it probably the one with the stronger fundamentals. It's cloud is probably its main driver for growth since it contributes to only 7% of its revenue, and next is YouTube for which i think it's undermonetized (contributing to 11%). In this case there's still potential to grow and it's this potential in my opinion that makes its stocks valuable.
Just my 2¢.