Spotify

Google’s closely watched cloud computing business recently got a boost from Twitter, which signed up for some cloud storage and computing needs.

Music streaming giant Spotify (SPOT) has seen its stock rise 25% since it debuted in April.

Spotify (SPOT) reported a spectacular subscriber growth in the second quarter. It now has 83 million paid subscribers.

Spotify (SPOT) generated 1.27 billion euros (or $1.49 billion) in revenue for the second quarter, up 26% from Q2 2017.

Music streaming giant Spotify (SPOT) rose 4.1% on April 26 to close at $138.25.

Spotify closed 2017 with 157 million subscribers, and it’s aiming to raise that number to 200 million subscribers by the end of 2018.

In the third quarter, eBay accounted for 11.0% of PayPal’s total payment volume, which was down from 13.0% in the third quarter of 2017.

Yandex (YNDX) is on track to launch its Yandex.Music service in Israel in the coming weeks, the Times of Israel has reported.

On March 25, during an event held in Cupertino, California, Apple launched its news and magazine subscription service, News+.

Amazon (AMZN) is expanding its cloud footprint in Latin America as it pursues growth overseas.

When eBay (EBY) announced earlier this year that Dutch company Adyen was replacing PayPal (PYPL) as its primary payments processor, something was not discussed.

A growing number of competitors are challenging Spotify (SPOT).

China’s iron ore import data China’s iron ore import is a key driver of shipping demand, making up more than 75% of the world’s total iron ore shipments. So China’s import rising is positive for shipping rates—Capesize vessels in particular—which can give short-term support to share prices and a medium-term boost to companies’ financials. While […]

China is seeing a rise in streaming entertainment—from esports to music streaming—and Tencent (TCHEY) is the biggest beneficiary.

Tencent Music (TME) may be thinking about purchasing a stake in UMG (Universal Music Group), the world’s largest music label and a division of French media conglomerate Vivendi (VIVHY).

Music streaming company Pandora (P) has launched a family version of its premium service for $14.99 per month.

Apple (AAPL) has struck a deal to make its Apple Music service available on Amazon’s (AMZN) Echo smart speakers.

Spotify has expanded its strategic partnership with Samsung. Spotify’s music app will be installed on Samsung’s mobile devices globally.

Yandex has launched its streaming music service in Israel, matching a move by its rival Spotify, which introduced its music service in Israel in March.

Sony (SNE) is paying $2.3 billion to take control of music publisher EMI.

CBS Corporation (CBS) now allows subscribers to its CBS All Access service to download shows for offline viewing, matching similar moves by rivals Netflix (NFLX) and Hulu.

Spotify (SPOT) has launched Spotify for Artists, a new tool that allows independent musicians to upload their songs directly to its platform.

The acquisition of Shazam is expected to strengthen Apple’s position in the streaming music market.

In the second quarter, Square (SQ) raised additional capital of more than $860 million through the sale of convertible notes.

Wall Street analysts expect Spotify to report an adjusted EPS of -$0.33 on total revenue of $1.93 billion in the second quarter of 2020.

At $236 per share at the closing on Monday, Spotify stock has gained 58% YTD and 100% over the past three months. Will Spotify be the next Netflix?

Spotify Technology (NYSE:SPOT) stock has risen. The company expects its podcast business to grow significantly. Spotify signed two new deals this week.

The EU antitrust probes target the very businesses that Apple counts on to fuel its future growth—the App Store and Apple Pay.

ZoomInfo Technologies went public on June 4. The company followed in Warner Music Group’s footsteps, which went public on June 3.

Warner Music Group went public on June 3. The company went public at $25 per share, which was toward the high end of the target range.

Facebook (NASDAQ:FB) has invested in Gojek. The company joined Google and Tencent in one of Southeast Asia’s most promising technology startups.

At $55 per share, Tencent has risen 15% in 2020. The stock has pulled up 35% from its pandemic lows in the first quarter.

Spotify stock rose on Wednesday after the company reported upbeat results for the first quarter of 2020. The stock has grown around 14.7% in the past year.

Facebook (NASDAQ:FB) might sell a large number of Portal devices to UK care homes to help residents stay in contact with loved ones amid COVID-19.

The Trump campaign ads that Facebook removed asked people to participate in a survey or “census.” Facebook thought that the ads might confuse people.

Ringer is involved in the podcast business. Therefore, acquiring Ringer could expand and diversify Spotify’s business.

Google recently announced that its YouTube Music app would now come preinstalled on all new Android devices, making it more accessible.

Google (NASDAQ:GOOGL) will play many roles in Quibi, a Millennial-focused video streaming service set to launch in April.

TikTok among Facebook rivals that have decided to give political ads business a wide berth, hence reducing competition for Facebook in that market.

PayPal announced its withdrawal from the 28-member team of Facebook’s Libra Project. Libra has received criticism from the public and private sectors.

Despite having high-profile defections in the past week, Facebook’s Libra Association proceeded with its inaugural members meeting.

Netflix (NFLX) stock is on course to finish 2019 on a high note. iQiyi and Spotify stocks are also on track for a positive end to 2019.

Last week, Facebook (FB) and other founding members of the Libra Association launched Libra. Libra will be governed by a handful of large organizations including Uber (UBER), Lyft (LYFT), Visa (V), and Mastercard (MA). By the planned launch in 2020, Facebook expects to have 100 members in the governing body.

Amid growing scrutiny of big tech companies, Facebook appears to be trying to stay ahead of regulations. The company has introduced a data portability tool.

Music isn’t the only arena where Apple (AAPL) is contending with Spotify (SPOT). A new phase of their competition has made podcasts an epicenter.

Apple Music (AAPL) competes with Spotify (SPOT) and Amazon Music (AMZN). However, Spotify is a runaway leader in the music streaming space.

Spotify (SPOT) stock fell during Tuesday’s trading session, as investors fear the entry of Chinese rival TikTok, putting Spotify’s subscribers at risk.

Respite for Huawei is big news for tech stocks, but China’s facing other problems. Plus, one company’s fight for survival and much more.

Apple Music (AAPL) has a new reason to worry. Spotify (SPOT) was already a tough competitor, but now it also has to face off with Chinese company ByteDance.

Spotify stock (SPOT) is down more than 5% today after Chinese tech company ByteDance announced its intention to enter the music streaming space.

Spotify reported around 248 million total MAUs during the third quarter. Now, the company has more subscribers than Apple (AAPL) Music.

Spotify (SPOT) released its Q3 results earlier today, reporting revenue of $1.92 billion and adjusted EPS of $0.40. SPOT is up about 14.5% so far today.

As they fight for control of the music streaming market, Spotify and Google have found themselves counting on the same partner to help them succeed.

Snap stock is up in the trading session today. The stock had gained over 3% as of 9:46 AM ET. It fell 1.9% on October 18 and closed at $13.52.

By 2020, Apple aims to double its Services revenue from 2016. Meanwhile, the iPhone is looking less and less important for the company.

Facebook and its Libra Association aim to launch its global cryptocurrency next year. The group is working on securing regulatory approvals for Libra.

Would you invest in a company that promises a technological utopia? It could be a simple answer – either you invest in it or you don’t.

Amazon recently announced a significant partnership on the VI (Voice Interoperability) feature. The project will work with AI-driven virtual assistants.

On September 26, Tesla (TSLA) rolled out its version 10 software update—its biggest software update ever—which customers were eagerly awaiting.

According to Barclays, Netflix’s current business model and expected total addressable market until 2026 don’t justify its current valuation.

Facebook’s planned digital currency, Libra, has elicited strong reactions. Some think it poses a serious risk to the global financial system.

Snap stock rose 3% on Thursday and closed at $15.77. At the closing price of $15.31, Snap’s market capitalization is $21.8 billion.

The rise of YouTube podcasting opens a window for Google to the lucrative podcast advertising market. But Google now needs to support that growth.

Snap (SNAP) stock fell around 7.9% on Monday. The decline came after a Bank of America analyst noted a sequential fall in the top US app downloads.

Snap (SNAP) stock has been on the rise since the beginning of September. It’s gained over 7% in the last seven days, rising from $15.51 on August 27.

Spotify (SPOT) has sweetened its special service plan for college students with the addition of Showtime at no additional cost to subscribers.

In the second quarter, Baidu’s traffic costs rose 9.0% year-over-year to $408.0 million.

Fitbit (FIT) stock rose 5% today, driven by the launch of its new smartwatch, the Fitbit Versa 2. FIT is trading at $3, 57% below its 52-week high of $6.96.

The first in the slate of content Netflix has ordered from former US President Barack Obama and former First Lady Michelle Obama has arrived.

Disney (DIS) plans to introduce a bundled video package that includes Hulu, ESPN+, and Disney+. DIS plans to address password sharing on these services.

Close to two dozen job listing sites in Europe have complained to regulators about Google, which launched an online job search service two years ago.

Apple’s iPhone users haven’t been able to use Spotify via Siri. However, that may change as the companies are reportedly in talks to allow that capability.

Chinese music streaming giant Tencent Music Entertainment (TME) reported its second-quarter earnings results after the closing bell on August 12.

Spotify (SPOT) has reportedly joined hands with mobile carrier AT&T (T). The partnership seems to be a good deal for both companies.

Amazon shares fell 2.5% in premarket trading. Today’s decline puts Amazon stock on track toward its longest losing streak in 13 years.

Music-streaming service provider Spotify (SPOT) announced its second-quarter earnings results today before the opening bell.

Investors want to understand how Spotify is growing its audience and coping with competition in the streaming music marketplace.

Signaling that its smart speaker business is doing well, Facebook (FB) is preparing to release a new generation of its Portal smart speaker device before the end of the year.

Microsoft’s investment of $1 billion in OpenAI is a development that has taken the tech space by storm.

Spotify (SPOT) became the first major online music service to join Facebook’s (FB) Libra cryptocurrency group called the Libra Association.

Even as Spotify (SPOT) puts some fires out in terms of its relationships with its content suppliers, tensions remain high between the company and its content partners.

Spotify’s (SPOT) Soundtrap subsidiary has launched a new service plan that’s not only free but also provides unlimited free storage for songs and podcast recordings.

Spotify (SPOT) has settled two copyright lawsuits that accused it of infringing a massive number of song compositions, according to a report from the Hollywood Reporter.

Apple (AAPL) recently updated and shared its Apple Music subscriber numbers with Numerama. Apple Music’s number of subscribers has now reached over 60.0 million.

Apple (AAPL) and Spotify (SPOT) have locked horns in an antitrust battle in Europe. Earlier this year, Spotify filed a complaint against the iPhone maker with the European Commission about what’s been dubbed the “Apple tax” and the restrictive rules regarding its iOS App Store.

Out of 27 analysts covering Spotify (SPOT), 17 recommend a “buy,” seven recommend a “hold,” and three recommend a “sell.” Analysts have a 12-month median target estimate of $152.25, which means that the stock is trading at a discount of 1.5% from its current price.

Evercore analyst Kevin Rippey downgraded Spotify (SPOT) stock from “in-line” to “underperform” on June 24. Rippey claimed that it would be difficult for Spotify to improve gross margins in the coming quarters and the company would miss analyst earnings estimates.

Enterprise collaboration company Slack will be publicly listed on the NYSE via a direct listing on June 20, 2019. This means that Slack will not sell any additional shares to the public. It will not raise capital from the market, and it has excluded the underwriting process.

This month, Spotify (SPOT) has made a few moves on the podcast front.

Apple (AAPL) continues to receive challenges to its app business practices. After the US Supreme Court cleared a consumer-led antitrust lawsuit tied to Apple’s app business to proceed last month, a fresh lawsuit targeting the same business has been filed in California.

Spotify (SPOT) is serious about podcasts. Earlier this week, it launched a new playlist in the US dubbed “Your Weekly Drive,” which features a mix of music and news podcasts.

Spotify (SPOT) said it will be spending $500 million on podcasts this year. The company disclosed earlier this year that it already spent 358 million euros, or roughly $400 million, on acquiring three podcast companies.

Spotify (SPOT) has signed former US President Barack Obama and his wife, Michelle, to supply it with podcasts for its global audience.

Spotify (SPOT) has introduced a simplified listening app known as Stations in the US. Stations provides a radio-like listening experience.

It looks like India will provide more of a lesson than revenue for Spotify (SPOT) in the company’s early months in the country.

Spotify (SPOT) derives more than 90% of its revenue from its paying subscribers.