Spotify
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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.
What Does Apple Think about the EU Antitrust Probes?
The EU antitrust probes target the very businesses that Apple counts on to fuel its future growth—the App Store and Apple Pay.
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.
Facebook Might Sell Portal Devices to UK Care Homes
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.
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.
Why Does Spotify Want to Buy Ringer?
Ringer is involved in the podcast business. Therefore, acquiring Ringer could expand and diversify Spotify’s business.
A Look at Google’s Work with Alibaba-Backed Quibi
Google (NASDAQ:GOOGL) will play many roles in Quibi, a Millennial-focused video streaming service set to launch in April.
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.
TikTok Leaves Ad Money on the Table for Facebook
TikTok among Facebook rivals that have decided to give political ads business a wide berth, hence reducing competition for Facebook in that market.
How Netflix Compares with Other Streaming Stocks
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.
Facebook Tries to Stay Ahead of Big Tech Regulations
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.
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.
US Music Streaming: Apple Music and Spotify Dominate
Apple Music (AAPL) competes with Spotify (SPOT) and Amazon Music (AMZN). However, Spotify is a runaway leader in the music streaming space.
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 Stock Tanks, ByteDance to Start Music Streaming
Spotify stock (SPOT) is down more than 5% today after Chinese tech company ByteDance announced its intention to enter the music streaming space.
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.
Why Is Spotify Stock Soaring Today?
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.
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.
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.
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.
YouTube Music: Google Puts Spotify on Notice
Google recently announced that its YouTube Music app would now come preinstalled on all new Android devices, making it more accessible.
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.
VI: Amazon, Microsoft, Intel, and Others Sign On
Amazon recently announced a significant partnership on the VI (Voice Interoperability) feature. The project will work with AI-driven virtual assistants.
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.
Netflix: Soros Exited Even before Barclays’ Warning
According to Barclays, Netflix’s current business model and expected total addressable market until 2026 don’t justify its current valuation.
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.
Obamas’ American Factory Doc Hits Netflix, Stirs Debate
The first in the slate of content Netflix has ordered from former US President Barack Obama and former First Lady Michelle Obama has arrived.
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.
Spotify Partners with AT&T to Attract Premium Subscribers
Spotify (SPOT) has reportedly joined hands with mobile carrier AT&T (T). The partnership seems to be a good deal for both companies.
Amazon On Track to See Its Longest Losing Streak in 13 Years
Amazon shares fell 2.5% in premarket trading. Today’s decline puts Amazon stock on track toward its longest losing streak in 13 years.
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.
Spotify’s Q2 Subscriber Growth Was Robust as Podcasts Impressed
Music-streaming service provider Spotify (SPOT) announced its second-quarter earnings results today before the opening bell.
Streaming Music: Spotify’s Upcoming Q2 Earnings
Investors want to understand how Spotify is growing its audience and coping with competition in the streaming music marketplace.
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.
Facebook Gears Up to Refresh Its Portal Hardware Line
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.
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.
Tensions Intensify between Spotify and Songwriters
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 Launches a New Bid to Grow Its Podcast Business
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 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.
Apple Music Crosses 60 Million Subscribers
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.
According to Apple, Spotify Has Overstated the Apple Tax It Pays
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.
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.
How Analysts View Spotify Stock
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.
Spotify Stock Recovers Post Downgrade
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.
Why a Direct Listing of Slack Might Result in Volatility
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.
Spotify Now Lets Advertisers Target Users Based on Podcasts
This month, Spotify (SPOT) has made a few moves on the podcast front.
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.
What Are the Obamas Bringing to Spotify?
Spotify (SPOT) has signed former US President Barack Obama and his wife, Michelle, to supply it with podcasts for its global audience.
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.
Why Tencent Music May Want to Buy Universal Music Group
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).
What Spotify Is Learning in India
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’s Average Revenue per User Is Shrinking
Spotify (SPOT) derives more than 90% of its revenue from its paying subscribers.
Why Spotify Has Spent $500 Million on Podcast Deals
By the end of the first quarter, Spotify (SPOT) had bought three podcast businesses this year.
Spotify And Pandora Turn To Voice To Drive Ad Business
Spotify (SPOT) and Pandora, keen to expand their advertising businesses, are turning to voice.
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.
Spotify’s Paid Subscriber Growth Continues to Dazzle
Spotify’s (SPOT) paid subscribers, the main driver of the company’s growth, continued to grow quickly.
Spotify’s Revenue Growth Continues to Be Robust
Spotify (SPOT) reported its first-quarter 2019 results on Monday, April 29.
Nokia’s Patent Business Is Put On the Spot
Several European auto companies want Nokia’s (NOK) patent business subjected to an antitrust probe.
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.
How SPOT Could Capitalize on the Growing Music Streaming Market
According to market research company Statista, global music streaming sales are expected to grow from $10.46 billion in 2018 to $11.11 billion in 2019.
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.
How Long Can Spotify Continue to Grow Its Subscriber Base?
Spotify (SPOT) has been a market leader in the music streaming space for a number of years.
A Look at SPOT’s Revenue and Earnings Growth in 2019 and Beyond
Spotify (SPOT) entered the public market last year and was identified as a disruptor by analysts.
What Do Analysts Expect from Spotify in Q1 2019?
Spotify (SPOT) is scheduled to announce its first-quarter earnings results on April 29, 2019.
Spotify Stock Has Been Volatile since Its IPO Last Year
It’s just been over a year since music streaming giant Spotify (SPOT) entered the public market via an IPO in April 2018.
Apple’s Latest Price Cut
Uncharacteristically, Apple (AAPL) has slashed prices on its products and services several times this year.
Apple Music Now Has More Paid US Subscribers than Spotify
Apple (AAPL) has not revealed the subscriber count for its music service, Apple Music, for some time.
Amazon Music: Fastest-Growing Streaming Service?
According to eMarketer, Amazon Music will be the fastest growing audio streaming service in the United States in 2019.
Google Makes It Clear That the Spotify Fight Has Only Just Begun
The launch of YouTube’s music app in India sees Google joining the chase for streaming music revenue in one of the world’s most coveted digital markets.
Spotify Is Testing Spotify Duo in Ireland
Music streaming giant Spotify (SPOT) has started testing a new subscription called Premium Duo in Ireland.
Spotify Just Acquired Another Podcast Company
On Tuesday, March 26, Spotify announced that it acquired Parcast, a small podcasting studio that has already launched 18 premium podcast series so far.
Analyzing Spotify’s Expanded Samsung Deal
Spotify has expanded its strategic partnership with Samsung. Spotify’s music app will be installed on Samsung’s mobile devices globally.
Spotify Partners with Google to Tackle Apple and Amazon
Spotify (SPOT) and Google (GOOGL) have partnered on a temporary rewards program to tackle Amazon (AMZN) and Apple.
Spotify Could Be Top US Music Streaming Platform in Two Years
Pandora, which is now a part of Sirius XM (SIRI), is currently the most popular music streaming platform in the US.
Is Spotify Bringing Apple Down the Path that Hurt Google?
On March 13, Spotify (SPOT) CEO Daniel Ek revealed that the company had filed a complaint against Apple (AAPL) with the European Union’s antitrust regulators.
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.