Spotify Just Announced a $1 Billion Buyback Program, Here's What Shareholders Need to Know
Spotify (NYSE: SPOT), the world's largest audio streaming platform, announced on Aug. 20 that its board of directors approved a $1 billion share repurchase program.
Following the announcement, Spotify stock jumped as much as 6% on the news, but it has also left many investors citing concerns about the company's investment priorities. Let's see what this repurchase program should actually mean for shareholders.
Image source: Spotify.
Source Fool.com
