Jim Cramer Says High Price to Earnings Multiples Are Hurting Spotify Stock

Spotify Technology S.A. (NYSE:SPOT) is one of the stocks Jim Cramer talked about, along with market froth. Highlighting that the company faces competition from Apple and YouTube, a caller inquired if the stock is a buy, sell, or hold. In response, Cramer said: I have been watching the stock just shed points and shed points and shed points as the Street turns on it because it sells at a very high price-to-earnings multiple. People no longer like the high price-to-earnings multiple stocks right now. We have ...