Posts filtered by tags: Spotify Stock[x]


 

Spotify climbs 6% as company announces expansion to 80 new markets, target of 1 billion customers

An Android smartphone with the Spotify Music logo visible on screen, alongside a pair of earphones. Olly Curtis/Future via Getty Images Shares of Spotify climbed 6% on Monday as the company announced plans to expand in 80 new markets, targeting one billion users worldwide. It plans to add 36 languages to its platform.  The Swedish company will nearly double its presence in certain regioans, including Asia, Africa, and the Caribbean.  Sign up here for our daily newsletter, 10 Things Before ...
Tags: Spotify, Barack Obama, Trends, Markets, Bloomberg, Netflix, Middle East, Music Streaming, Trading, Stock Market, Caribbean, Asia Africa, Billie Eilish, Streaming Apps, Spotify Technology, Spotify Stock


Spotify sinks 7% after Apple announces plans for podcasting subscription service

Reuters Spotify shares dropped as much as 7% on Friday after Apple announced it's in talks to start a new podcasting subscription service. The stock was already trading lower on Friday after it was downgraded to "sell" from "neutral" by Citigroup analysts in a note on Friday that warned the company's move to podcasts "may not be working." Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Spotify shares tumbled as much as 7% on Friday after Apple announced it's in t...
Tags: Apple, Spotify, Europe, Trends, Markets, Citigroup, SEC, Goldman, Citi, Spotify Spotify, Joe Rogan, Gimlet Media, Tech Stocks, Bazinet, Reuters Spotify, Spotify Stock


Spotify Stock Hits All Time Low Ahead Of Earnings Call

Spotify stock fell 4.88% on Monday to close at at $139.11, an all time end of day low for the streamer. That's a fall of 24% in the last month.  Spotify's market cap is now $25 billion, down 30% from a summer peak of a $198.99 per share price and $35.29 billion market cap. Downward pressure from the overall market is certainly making matters worse for Spotify.  MarketWatch reports that so far this month the Dow is down 6% , the S&P 500 down 4.7% percent and the Nasdaq is off 10.3%. But S...
Tags: Spotify, Music, Streaming, Music Business, Music Tech, Bruce Houghton, Spotify. stock, Spotify MarketWatch


Co-founder Sells $40 Million In Spotify Stock

Spotify co-founder Martin Lorentzon sold company stock worth $40 million USD in July, according to SEC documents. The stock was trading 37% higher than the Spotify IPO reference of $132. Lorentson is still the music streamer's largest shareholder, with a stake as worth as much $4 billion, according to Swedish tech site Di Digital.  In July, Spotify CEO and co-founder Daniel Ek sold stock worth $9 million. Spotify has become a firm buy and favorite of several top stock analysts in recent...
Tags: Spotify, Music, SEC, Daniel Ek, Music Business, Music Tech, Bruce Houghton, Martin Lorentzon, Spotify IPO, Di Digital, Spotify Stock, Lorentson