Spotify Technology S.A. Ordinary Shares (SPOT) News
Spotify Technology S.A. Ordinary Shares (SPOT)
Today's Latest Price: $184.28 USD
Updated Jun 5 4:10pm
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Ranked of 11 in Entertainment - Radio
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Latest SPOT News From Around the Web
Below are the latest news stories about Spotify Technology SA that investors may wish to consider to help them evaluate SPOT as an investment opportunity.
The Future Is Bright For SpotifyIntroduction My thesis is that Spotify (SPOT) has a bright future as the leader in streaming music. Having 130 million premium subscribers and 286 million monthly active users (MAUs), per the 1Q20 shareholder letter, it are by far the biggest streaming music company and is still expanding rapidly. At the... |
Spotify, Music Labels Pledge to Fight Racism After Public Rebuke(Bloomberg) -- Spotify Technology SA has committed $11 million to combat racism, injustice and inequity, following calls from its employees to support the black community that has helped fuel its success.The company will match up to $10 million of donations to organizations focused on fighting injustice, Chief Executive Officer Daniel Ek said in a memo to staff. The company will also donate $1 million in advertising inventory to social-justice groups over the coming months. On Tuesday it used $345,000 worth of advertising to promote its black history hub.The music industry is just beginning to reckon with demands for reform from their employees and artists. While many of the most popular and prominent musicians in the world are black, all three of the major records labels, the world’s b... |
Apple Dives Further Into Original Podcasts to Fortify Apple MusicOn Friday, Apple (NASDAQ: AAPL) took the next step to expand its original podcast offerings, launching The Zane Lowe Interview Series, featuring the company's global creative director in conversations with some of entertainment's leading artists. Iconic musical guests include Lady Gaga, Selena Gomez, Justin Bieber, Kanye West, and Hayley Williams. This latest offering is the first time Apple has focused solely on the entertainment industry for its original programming, and comes just as Lady Gaga prepares to release her sixth studio album, Chromatica. |
Podcast app Majelan pivots to premium audio content around personal growthThe company, created by former Radio France CEO Mathieu Gallet and Arthur Perticoz, is ditching the podcast aggregation side of its business and focusing on premium audio content going forward. Aggregating free podcasts with premium content next to them à la Luminary is a controversial topic in the podcast community. Spotify has been going down the same path, but Spotify is also an order of magnitude bigger than any other podcast startup out there. |
Brands respond to racism on Blackout TuesdayStreaming services like Spotify, Apple Music and Amazon Music are participating in Blackout Tuesday, aimed at protesting against racism and police brutality. Yahoo Finance’s Emily McCormick and Dan Roberts breaks down how brands are responding to the latest headlines. |
3 Music-Streaming Industry Takeaways From Warner Music Group's IPO FilingWarner Music Group (WMG) is ready to make its public debut after putting it on hold as coronavirus rocked the stock market. Just like any music label, it's now heavily invested in music streaming and its partners like Spotify (NYSE: SPOT) and Apple (NASDAQ: AAPL). Unsurprisingly, the music label is optimistic about the industry's prospects. |
Blackout Tuesday: Spotify, SiriusXM Observe Moments of Silence in George Floyd TributesClick here to read the full article. As part of the music industry's Blackout Tuesday protest against racism, Spotify and SiriusXM will go silent in symbolic moments of silence to acknowledge the death of George Floyd.Audio-streaming giant Spotify, as part of its Blackout Tuesday initiatives, is including an 8-minute, 46-second track of silence on select playlists and podcasts. That is meant "as a solemn acknowledgement for the length of time that George Floyd was suffocated," Spotify said.SiriusXM, meanwhile, on June 2 at 3 p.m. ET will silence all music channels for three minutes. According to a memo SiriusXM CEO Jim Meyer sent to employees, the pause includes "one minute to reflect on the terrible history of racism, one minute in observance of this tragic moment in time and one minut... |
Hedge Funds Nibbling On Spotify Technology S.A. (SPOT)In this article you are going to find out whether hedge funds think Spotify Technology S.A. (NYSE:SPOT) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […] |
Better Buy: Spotify vs. T-MobileSpotify Technology (NYSE: SPOT) and T-Mobile (NASDAQ: TMUS) are on a roll this year. Spotify launched in 2008, and over a decade later is still experiencing phenomenal growth. The first-quarter results represent the third consecutive quarter of over 30% year-over-year growth in MAUs, while subscriber growth has consistently hovered around 30% for the past five quarters. |
Spotify: Don't Buy The Rogan RallyDespite a noticeable pullback in share price this week, Spotify's (SPOT) stock has been ripping lately. The majority of the gains in May have come from reaction to the streaming service landing an exclusivity agreement for the Joe Rogan Experience. Though the stock has already given a large chunk of... |
