The $100 Billion Argument: How Spotify's Market Cap Makes the Absence of Measurement Indefensible

At a $100 billion market capitalization, Spotify has the resources to build a world-class fraud research group. A $10 million annual investment could answer the questions the external evidence demands. The absence of measurement is not a technical limitation — it is a choice. This section makes the market capitalization argument that runs through the Musinique Research Trilogy.