Spotify Stock Slips Following U.S. Price Increases — Some Investors Anticipated Larger Bumps, Citi’s Jason Bazinet Notes
Spotify Stock Slips Following U.S. Price Increases — Some Investors Anticipated Larger Bumps, Citi’s Jason Bazinet Notes
At least for now, Wall Street doesn’t seem enthusiastic about Spotify’s latest U.S. price increases. During Thursday’s trading, the company’s stock (NYSE: SPOT) parted with 4% of its value and, in the process, reduced its year-over-year growth to 3.5%.