Why Spotify Stock Dropped Today
Shares of Spotify Technology (NYSE: SPOT) fell on Tuesday after the audio streaming platform issued a tepid profit forecast.
Image source: Getty Images.
Spotify's monthly active users (MAUs) increased 12% year over year to 761 million in the first quarter. The gains came even as the streaming marketplace grew increasingly crowded. Spotify competes with well-heeled rivals like Amazon, Apple, and Alphabet's YouTube.
Source Fool.com
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