Why Spotify Stock Surged Today
Shares of Spotify (NYSE: SPOT) jumped on Thursday after the digital music company announced not one but two blockbuster deals. As of 3:30 p.m. EDT, Spotify's stock was up more than 12%.
Kim Kardashian West is set to bring her millions of fans to Spotify. The popular reality TV star signed a deal to co-host a new podcast focused on criminal justice reform, according to The Wall Street Journal. The show, which will be co-hosted by television producer Lori Rothschild Ansaldi, will be exclusive to Spotify's platform.
Shares of Spotify popped on Thursday after the streaming leader announced a couple of major new partnerships. Image source: Getty Images.
Source Fool.com
