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What They Do Spotify is the world’s most popular audio streaming service. Its content can be roughly broken down into three types: music, podcasts, and audiobooks. Spotify monetizes both with advertising revenue and consumer subscription revenue. It pays content providers, including artists and music labels, royalties for the license to distribute content to consumers. Spotify…

Decoded’s Take The Business Uber is a worldwide technology-powered logistics company with more than 150M monthly active users in 10,500 cities across 70 countries. Each of these users make, on average, 5.8 trips or orders per month. Its business can be roughly broken down into three segments: Uber used to invest heavily in building self-driving…

Decoded’s Take The Business Southwest Airlines is one of the largest airlines in the US and the world. According to the US Bureau of Transportation Statistics, Southwest ranks #3 by paying passenger miles flown and holds 16.9% of US domestic market share. By this measure, Delta is #1 at 17.7%, American at 17.2%, and United…

Decoded’s Take The Business Chipotle is a restaurant chain selling Mexican-style burritos, burrito bowls, and tacos. It owns and operates over 3,200 restaurants, the majority of which is in the United States. Internationally, Chipotle has 34 locations in Canada, 15 in the UK, 6 in France, and 2 in Germany. Unlike most other major restaurant…

Decoded’s Take The Business Disney is an entertainment behemoth. In order to make sense of its vast empire, let’s break it up into business segments: Now, I always thought that Disney’s real estate holdings and travel products revolve around its parks, and for the most part, they do. But when I started doing research, I…

Decoded’s Take The Business Marriott primarily operates and franchises hotels. Its 30+ brands comprise of an impressive 8,462 hotels across 139 countries. If you’re a frequent traveler, you would undoubtedly have heard of the Marriott Bonvoy loyalty program. Marriott awards members points when they stay at Marriott-branded hotels, and these points may be redeemed for…