SPOT -8.3% on the week at $455.01, 8.4% from $417.

@pundit_21 real take — price increases are flowing through with low churn.

@pundit_21 idk man — label royalty costs cap gross margin.

i doubt this one. fundamentally it works: label royalty costs cap gross margin — that's the real path to $417. subscriber growth is steady. but i’m not married to it.