Spotify Shares Jump 5% Ahead Of Subscription Price Hikes

Topline Shares of Spotify rose by about 5% on Monday, after the company announced it will once again raise the prices for its subscription plans in the U.S., following an increase in subscribers. The price hikes make Spotify's subscription service more expensive than rival Apple Music. AFP via Getty Images Key Facts Spotify shares rose to over $310 as of 10 a.m. Monday, following an earlier surge in premarket trading. The music streaming firm said it would raise the monthly prices of its ad-free, premium su ...