Spotify Stock Rises After Price Hike

Key Takeaways Streaming music provider Spotify on Monday announced a price increase for its Premium customers in the U.S., and shares rose. The cost for an individual subscriber will go up by $1 to $11.99 per month, and more for Duo and Family subscribers. The new rates take effect in July, one year after the company last raised subscription prices. Shares of Spotify Technology (SPOT) rose in intraday trading Monday after the streaming music provider announced an increase in subscription prices in the U.S. ...