Spotify Versus Apple: Antitrust in the EU, Explained
Spotify Technology Stock Is a Bargain in the Audio Streaming Space
How Self-Made Billionaire and Spotify CEO Daniel Ek Got Rich
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.
Spotify Stock Rose over 4% on April 26
Music streaming giant Spotify (SPOT) rose 4.1% on April 26 to close at $138.25.
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.
What’s at Stake as Yandex Expands in Israel?
Yandex (YNDX) is on track to launch its Yandex.Music service in Israel in the coming weeks, the Times of Israel has reported.
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.
Is Spotify Prepared to Counter Growing Competition?
A growing number of competitors are challenging Spotify (SPOT).
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.
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).
Pandora Is Striving to Compete with Apple Music and Spotify
Music streaming company Pandora (P) has launched a family version of its premium service for $14.99 per month.
How Apple Is Extending Apple Music’s Reach
Apple (AAPL) has struck a deal to make its Apple Music service available on Amazon’s (AMZN) Echo smart speakers.
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.
Yandex Follows Spotify in Israel Launch
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.
Inside Sony’s $2.3 Billion Bet on EMI
Sony (SNE) is paying $2.3 billion to take control of music publisher EMI.
CBS Matches Netflix in the Offline Content Race
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 for Artists: A New Tool for Independent Musicians
Spotify (SPOT) has launched Spotify for Artists, a new tool that allows independent musicians to upload their songs directly to its platform.
How Apple Wants to Improve Shazam after Acquisition
The acquisition of Shazam is expected to strengthen Apple’s position in the streaming music market.
Is PayPal on Target as Square Builds a War Chest?
In the second quarter, Square (SQ) raised additional capital of more than $860 million through the sale of convertible notes.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Spotify Sweetens Its Student Plans
Spotify (SPOT) has sweetened its special service plan for college students with the addition of Showtime at no additional cost to subscribers.
Baidu Cuts a Strategic Deal with NetEase Music
In the second quarter, Baidu’s traffic costs rose 9.0% year-over-year to $408.0 million.
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.
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.
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.
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.
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.
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.
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.