Latest Spotify News and Updates
How to Use the Spotify Karaoke Feature and When It Will Be Available
Spotify Launches Musical Island Called 'Spotify Island' on Roblox
Joe Rogan Issues an Apology Amid Spotify Controversy
Why Do People Hate Joe Rogan? All About the Controversial Podcast Host
Spotify Versus Spoken Giants: The Comedy Rift, Explained
Stocks for Investors to Buy or Watch in November 2021
Spotify Versus Apple: Antitrust in the EU, Explained
Spotify Has Strong Growth Outlook, Stock Looks Like a Good Buy on Dips
Google Cloud Receives a Boost from Twitter
Google’s closely watched cloud computing business recently got a boost from Twitter, which signed up for some cloud storage and computing needs.
How Spotify and Apple Music Compare
Music streaming giant Spotify (SPOT) has seen its stock rise 25% since it debuted in April.
Why Spotify Stock Surged 4.4% despite Widening Losses
Spotify (SPOT) reported a spectacular subscriber growth in the second quarter. It now has 83 million paid subscribers.
Spotify Had a Stellar Second Quarter with One Exception
Spotify (SPOT) generated 1.27 billion euros (or $1.49 billion) in revenue for the second quarter, up 26% from Q2 2017.
Why Spotify Sweetened Its Free Music Service
Spotify closed 2017 with 157 million subscribers, and it’s aiming to raise that number to 200 million subscribers by the end of 2018.
PayPal Reduced Its Reliance on eBay in Q3 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.
Will Apple’s Launch of News+ Help Boost Its Revenue?
On March 25, during an event held in Cupertino, California, Apple launched its news and magazine subscription service, News+.
Cloud Arms Race Continues as Amazon Opens Argentina Office
Amazon (AMZN) is expanding its cloud footprint in Latin America as it pursues growth overseas.
eBay and Adyen Are More Than Payment Partners
When eBay (EBY) announced earlier this year that Dutch company Adyen was replacing PayPal (PYPL) as its primary payments processor, something was not discussed.
Iron ore shipments rose in June due to demand, positive for dry bulk shipping
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 […]
Why Tencent Is Buying 10% of Universal Music
China is seeing a rise in streaming entertainment—from esports to music streaming—and Tencent (TCHEY) is the biggest beneficiary.
Should Investors Buy the Dip in Spotify Stock?
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.
Why Jim Cramer Thinks Spotify Stock Looks Like the Next Netflix
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’s New Podcast Deals Should Boost Revenues
Spotify Technology (NYSE:SPOT) stock has risen. The company expects its podcast business to grow significantly. Spotify signed two new deals this week.
ZoomInfo IPO and Its Connection with Zoom Video
ZoomInfo Technologies went public on June 4. The company followed in Warner Music Group’s footsteps, which went public on June 3.
Warner Music IPO: Will It Be Successful Like Spotify?
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.
Why Facebook Joined Google and Tencent in Gojek Investment
Facebook (NASDAQ:FB) has invested in Gojek. The company joined Google and Tencent in one of Southeast Asia’s most promising technology startups.
Tencent Looks to the Future, Investors Take Notice
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 Is in Good Shape after Its Q1 Earnings
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.
Why Facebook Rejected Some of Trump’s 2020 Campaign Ads
The Trump campaign ads that Facebook removed asked people to participate in a survey or “census.” Facebook thought that the ads might confuse people.
PayPal Abandons Facebook’s Libra: Could Others Follow?
PayPal announced its withdrawal from the 28-member team of Facebook’s Libra Project. Libra has received criticism from the public and private sectors.
3 Reasons Facebook’s Libra Still Has Life after Defections
Despite having high-profile defections in the past week, Facebook’s Libra Association proceeded with its inaugural members meeting.
Libra 101: All You Need to Know about the Cryptocurrency
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.
Can Apple Podcasts Keep Up with Industry Trends?
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.
Spotify Subscribers at Risk: Stock Down as TikTok Looms
Spotify (SPOT) stock fell during Tuesday’s trading session, as investors fear the entry of Chinese rival TikTok, putting Spotify’s subscribers at risk.
Get Real: From Huawei’s Reprieve to the Future of HP
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: Will ByteDance Threaten Its Growth?
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 Subscribers Beat Apple Music: What’s Ahead?
Spotify reported around 248 million total MAUs during the third quarter. Now, the company has more subscribers than Apple (AAPL) Music.
Spotify, Google Count On Same Partner as Competition Rages
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.
Why Is Snap Stock Rising ahead of Its Q3 Earnings?
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.
Why Apple Services Are Overshadowing the iPhone
By 2020, Apple aims to double its Services revenue from 2016. Meanwhile, the iPhone is looking less and less important for the company.
Could IBM Consider Working with Facebook’s Libra Association?
Facebook and its Libra Association aim to launch its global cryptocurrency next year. The group is working on securing regulatory approvals for Libra.
Amazon’s VI Initiative: Which Stock To Invest In?
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.
Tesla V10: Do Other Cars Feel Like ‘Owning a Horse?’
On September 26, Tesla (TSLA) rolled out its version 10 software update—its biggest software update ever—which customers were eagerly awaiting.
Facebook Ignores Libra Noise, Confirms Launch in 2020
Facebook’s planned digital currency, Libra, has elicited strong reactions. Some think it poses a serious risk to the global financial system.
Snap Stock: Should Investors Place Bets Now?
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.
YouTube Podcasting Opens New Revenue Source for Google
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 Stock Fell More than 7%: What Next?
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.
Why Snap Stock Gained Over 7% in Seven Days
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.
Fitbit Watch with Alexa: A Challenger for Apple Watch?
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.
How Disney Plans to Stem Its Disney+ Revenue Leak
Disney (DIS) plans to introduce a bundled video package that includes Hulu, ESPN+, and Disney+. DIS plans to address password sharing on these services.
Google Facing Fresh EU Antitrust Complaints
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 May Allow Spotify to Use Siri for Playback Control
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.
TME Is Down as Its Growth Continues to Slow
Chinese music streaming giant Tencent Music Entertainment (TME) reported its second-quarter earnings results after the closing bell on August 12.
Microsoft Invests $1 Billion in OpenAI and Settles Bribery Charges
Microsoft’s investment of $1 billion in OpenAI is a development that has taken the tech space by storm.
Spotify Became the First Music Service in Facebook’s Libra Group
Spotify (SPOT) became the first major online music service to join Facebook’s (FB) Libra cryptocurrency group called the Libra Association.
Spotify Puts a Major Legal Challenge Behind It
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.
App Business Lands Apple in More Trouble
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 Is Making Many Changes to Accommodate Podcasts
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 Wants to Make Playlists for 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 Introduces a New US Product amid Growing Apple Threat
Spotify (SPOT) has introduced a simplified listening app known as Stations in the US. Stations provides a radio-like listening experience.
Spotify’s Average Revenue per User Is Shrinking
Spotify (SPOT) derives more than 90% of its revenue from its paying subscribers.
Spotify’s Average Revenue per User Continues to Decline
Spotify’s (SPOT) average revenue per user (or ARPU) has been declining over the past several quarters.
Good News for Apple’s US Music Business
The streaming music market in the US continues to grow, which is good news for providers such as Apple (AAPL).
What Is Propelling Apple’s Music Business?
Apple (AAPL) recently overtook Spotify (SPOT) as the top streaming music provider in terms of premium subscribers in the United States.
What Are the Challenges Facing Spotify in 2019 and Beyond?
Though Spotify is a leader in the global music streaming market with a presence in over 75 countries, the company competes with tech heavyweights.
Can Spotify Continue to Outperform Expectations in 2019?
In the fourth quarter of 2018, Spotify’s (SPOT) number of monthly active users rose 29% YoY (year-over-year) to 207 million.
Amazon Cloud Gets Big Lift from Lyft
In the past few years, initial public offerings of tech companies brought a lot of good news for Google (GOOGL).
Hulu and Spotify Just Furthered Their Partnership
Hulu, which will soon be controlled by the Walt Disney Company (DIS), and Spotify (SPOT) are extending a collaboration agreement they started in 2017.
Could the S10 Revive Samsung’s Shrinking Shipments?
Last year was mediocre for South Korean electronics giant Samsung (SSNLF), as its smartphone shipments shrank and semiconductor growth declined.
Spotify Isn’t Taking Chances in India
Spotify launched its music service in India late last month, and the company is going all out to make sure it succeeds in the market.
Can Spotify Differentiate Its Service in India?
Spotify has faced several roadblocks since it announced its intention to enter India. Spotify signed a massive deal with T-Series.
Spotify Faces Several Challenges in India
Music streaming giant Spotify (SPOT) continues to grow its global subscriber base.
Why Spotify Paid $339 Million to Buy Podcast Startups
Music streaming giant Spotify (SPOT) announced recently that it would be acquiring podcast startups Gimlet Media and Anchor FM.
A Brief Synopsis of Spotify’s Earnings
Music streaming giant Spotify (SPOT), which announced its fourth-quarter results yesterday, has continued to see robust user base and revenue growth.
How Profitable Is Apple’s Service Business?
There is a lot of investor attention focused on Apple’s (AAPL) service business.
Did Twitter Break EU’s Privacy Rules?
Ireland is investigating Twitter (TWTR) in relation to its compliance with the European Union’s General Data Protection Regulation (or GDPR).
IPO Alert: Slack Joins Uber and Lyft in Efforts to Go Public
General Atlantic, Dragoneer Investment Group, and SoftBank Vision Fund are among the lead investors in Slack Technologies.
Slack Changed ‘Simply Awful’ Logo: Is an IPO Coming Soon?
If you work in an office environment, then you’re probably using Slack—or at least you must have heard about it.
Does Twitter Have the War Chest to Defend Its Turf?
Facebook and Google captured 20.6% and 37.1% of all digital ad spending in the United States in 2018 compared to 1.0% for Twitter, according to eMarketer.
How Spotify Aims to Compete in Podcast Market
Spotify (SPOT) wants to focus more of its attention this year on developing its podcast business.
How Spotify Is Preparing for India Launch
Spotify (SPOT) is preparing to launch in India by the end of January.
Spotify Signs Huge Deal with T-Series ahead of India Launch
Top Internet companies have been looking to get a slice of the fast-growing Indian market.
Facebook Is Being Sued Over Its Portal Brand
According to Reuters, Facebook (FB) has been hit with a trademark infringement lawsuit over its use of the Portal brand.
What’s Apple Plotting in Media Space?
Selling media content is part of Apple’s (AAPL) Services business, which includes brands such as Apple Music and iTunes.
Does Tencent Music Entertainment Have Bright Future?
Tencent Music Entertainment (TME) held its IPO in December, pricing shares at $13 and raising $1.1 billion.
Spotify Steps Up Efforts to Monetize Free Listeners
Spotify (SPOT) has started testing a new type of ad format that allows brands to sponsor its Discover Weekly playlist.
Behind Spotify’s Share Repurchase Program
Spotify (SPOT) announced last month its plan to repurchase up to $1.0 billion of its shares by April 2021.
Why Spotify Stock Has Plunged Lately
Music streaming giant Spotify (SPOT) added 4 million paid subscribers during the third quarter and continues to grow at a fast clip.
Apple Is on Track to Hit Its 2020 Services Revenue Goal
Apple is working toward its goal of doubling its 2016 Services revenue by 2020. The company generated Services revenue of $24.3 billion in 2016.
How Shazam Makes Money
The money that Shazam generates would go a long way towards boosting Apple’s services business, where revenue rose 31% year-over-year to $9.5 billion in the fiscal third quarter ended in June.
Why Apple’s Acquisition of Shazam Is Critical
On Monday, Apple (AAPL) announced that it has completed its $400 million acquisition of Shazam, a popular music recognition app.
Music Streaming Services, Including Spotify, Continue to Rise
Spotify (SPOT) and Apple Music have seen tremendous growth in their subscriber bases.
What May Come Out of the EU Review of the Disney–Fox Deal
The approval of the Shazam deal is seen as an important victory for Apple in its battle with Spotify (SPOT) for digital music revenues.
Apple Music Gained Market Share in the First Half of 2018
Music streaming service providers Spotify (SPOT) and Apple Music (AAPL) continue to gain subscribers.
How Shazam Acquisition Could Benefit Apple
Apple (AAPL) finally received the green light from regulators in the European Union last week to acquire UK-based music recognition app Shazam Entertainment.
Apple Bans Alex Jones’s Infowars from App Store
Apple (AAPL) has permanently removed US conspiracy theorist Alex Jones’s Infowars website from its App Store.
Why Pandora Values Partnerships
Pandora finished the second quarter with more than 6.0 million paying customers, indicating that it gained more than 350,000 premium subscribers.
Apple Music Overtakes Spotify in Terms of Paid US Subscribers
According to a report from Apple Insider, Apple Music has overtaken Spotify in terms of its number of paid subscribers in the United States.
PayPal Invests in Adyen Rival
PayPal (PYPL) recently invested in PPRO, a Britain-based startup specializing in cross-border payments for merchants.
Stiff Industry Competition Has Caused High Churn for Spotify
While Spotify (SPOT) is still the clear leader in the music-streaming space, Apple (AAPL) Music is catching up.
Google’s Long Trek to the Top of the Cloud Space Continues
In the first half of 2018, for the first time, we got a glimpse of how Google’s (GOOGL) cloud computing business measures up to its competition.