Better Buy: Spotify vs. iQiyi
Music-streaming giant Spotify Technology (NYSE: SPOT) and video-streaming platform iQiyi (NASDAQ: IQ) have some similarities. For instance, both companies rely on a subscription-based model to make the bulk of their revenue. However, there are also important differences between the two. iQiyi primarily focuses on the Chinese market, whereas Spotify's clientele spans much of the globe.
Year to date, iQiyi has been the better performer, with its shares up by 14.2% since 2020 began, while Spotify's stock is down by 4.1% over the same period. However, iQiyi faces some severe challenges in its domestic market, and it isn't clear whether it can keep up its pace. Which of these two tech stocks will outperform the other from here?
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Source Fool.com
