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Spotify to increase subscription price in France to counter new music-streaming tax
TechCrunch· 2024-03-07 09:40
Spotify has revealed plans to increase subscription fees in France, in response to a planned new tax directed at all music-streaming services operating in the country.The move comes nearly three months after the company vowed to begin disinvesting in France, initially pulling support from two festivals with the promise of more action to come this year. Now we have a clearer idea of what kind of action Spotify has been cooking up, with its lobbying efforts now cranking into overdrive as it looks to make lawm ...
Apple slapped with €1.8bn antitrust fine, rift between Spotify intensifies
Proactive Investors· 2024-03-04 13:10
The European Commission has fined Apple Inc (NASDAQ:AAPL, ETR:APC) €1.8 billion (£1.5 billion) for imposing anti-competitive practices that prevented Spotify and other music streaming services from directing users outside of its App Store ecosystem. It marks the first time the tech giant has faced an antitrust penalty from the European Union stemming from a complaint lodged by Spotify in 2019. The EU determined that Apple forced unfair trading conditions on music streamers, with Margrethe Vestager, the EU's ...
Are You Looking for a Top Momentum Pick? Why Spotify (SPOT) is a Great Choice
Zacks Investment Research· 2024-02-29 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Apple hits back in Spotify spat as it faces potential €500m EU fine
Proactive Investors· 2024-02-23 07:58
Apple Inc (NASDAQ:AAPL, ETR:APC) has hit back at Spotify's long-standing complaint to the EU, accusing the music streaming giant of seeking "limitless" access to Apple's tools without being willing to pay for them. This spat comes amidst a potential €500m EU fine facing Apple over claims of anti-competitive behaviour linked to its App Store rules. According to weekend reports an investigation into Apple's alleged actions is set to be concluded imminently. In a statement last night, Apple said: “We’re happy ...
Apple says Spotify wants ‘limitless' access to its tools without paying
The Guardian· 2024-02-22 22:58
Apple has condemned Spotify over the long-running competition complaint filed with the EU that could see the tech company face a huge fine if found guilty.After reports the bloc has concluded its investigation into the music streaming service’s claims of anti-competitive behaviour by Apple over its App Store rules, with the prospect of a €500m (£425m) fine, the iPhone manufacturer has accused Spotify of trying to get “limitless” access to its tools without paying.Stockholm-based Spotify filed a complaint wi ...
Spotify sounding better to analysts as company tunes into profits
MarketBeat· 2024-02-21 12:45
Key PointsSpotify stock is trading at its best levels since December 2021, with a recent surge on robust revenue growth and return to profitability. Upside trading volume suggests institutional investors are accumulating shares.After the company's fourth-quarter report, several analysts increased their price targets. 5 stocks we like better than Spotify TechnologySpotify Technology S.A. NYSE: SPOT is trading at its best levels since December 2021 on the strength of hardy revenue growth and a return to profi ...
Streaming Platform Spotify Has Upside Potential
GuruFocus· 2024-02-20 13:00
The share price of Spotify Technology SA (SPOT, Financial) has experienced significant volatility since its initial public offering in 2018. Initially priced at $165.90 per share in April 2018, it soared to an all-time high of $334 by February 2021. However, it subsequently plummeted to an all-time low of $77.26 in November 2022, before rebounding to around $240 currently. In my opinion, Spotify is still cheap at this price and could provide decent upside for investors over the next several years. Consisten ...
Jerome Powell on "60 Minutes" & Spotify's Latest
The Motley Fool· 2024-02-13 19:38
In this podcast, Motley Fool host Ricky Mulvey and analyst Asit Sharma discuss:Fed Chair Jerome Powell's appearance on 60 Minutes, and the market's reaction.The commercial real estate risk for the central bank.Spotify's strategy shift in podcasting as well as its operating loss and big free cash flow number.Plus, Motley Fool host Alison Southwick and personal finance expert Robert Brokamp discuss the rise of exchange-traded products tracking Bitcoin.To catch full episodes of all The Motley Fool's free podca ...
Meghan Markle Strikes Deal With Smaller Podcast Distributor After Spotify Agreement Ends
Forbes· 2024-02-13 18:18
Topline Meghan Markle struck a new podcast partnership Tuesday with Lemonada Media after Spotify’s multi-million-dollar deal with Markle and her husband, Prince Harry, ended last year.Harry and Meghan’s deal with Spotify ended in June. Robin L Marshall/FilmMagic) Key FactsUnder the new partnership, Markle’s podcast “Archetypes” will be distributed by Lemonada on all audio platforms, the company said. Markle will also host a new podcast for the small distributor that has yet to be named, Lemonada said. In ...
Spotify Is Up 205% Since Jan. 2023: Is the Stock a Buy Today?
The Motley Fool· 2024-02-11 13:15
The S&P 500 has been on a tear since the start of 2023. Posting a 32.2% total return and hitting an all-time high earlier this year, the index is going through one of its best bull runs ever.However, audio streamer Spotify (SPOT 0.32%) has managed to crush the returns of the broad market over that period. Its shares are up 205% since the start of 2023, making it one of the best-performing stocks in the world over that time frame.With expanding margins and consistent revenue growth, Spotify has proven a lot ...