RUMOR MILL
Back to Rumor Mill >
Friday, May 26, 2023

SIX-MONTH SURGE: SPOTIFY STOCK DOUBLES

With the market's surge ahead of Memorial Day Weekend, Spotify's stock has grown nearly 100% in the last six months. Its market cap has doubled to $29.1b.

In late November 2022, the Spot's stock was hovering around $75; its price on 5/26 was above $150.

At the top of this year, Spotify shifted its aggressive investment in podcasts to refocus on music and "efficiency," as CEO Daniel Ek stated in the January memo announcing Dawn Ostroff's departure. Wall Street and the music biz have been eagerly anticipating a subscription-price increase from the giant global streamer.

In related news, in the last six months our waist size has grown considerably.

TAGS: Spotify | stock market | stocks | Wall Street | Daniel Ek | DSP | streaming | Dawn Ostroff | podcasts
SPOTIFY TOPS 515M  TOTAL USERS
SPOTIFY ANNOUNCES BIGGEST APP OVERHAUL EVER
SPOTIFY'S "FUEGO" LAUNCHES USER-CURATED MIXTAPES
EK PREDICTS: 1B SPOTIFY USERS BY 2030
OSTROFF LEAVES SPOTIFY IN REORG
< PREVIOUS STORY
BACK TO RUMOR MILL
 
TIKTOK'S OLE OBERMANN: THE HITS INTERVIEW
He makes TikTok tick. (11/25a)
Check It Out Now
THE HITS LIST TURKEY TROT
...with all the trimmings (11/25a)
Check It Out Now
NEAR TRUTHS: WITCHING HOUR
Casting a spell (11/21a)
Check It Out Now
KENDRICK’S GNX: SONG BY SONG
Looking under the hood of surprise album (11/25a)
Check It Out Now
NEAR TRUTHS: EXPECT THE UNEXPECTED
One name keeps popping up amid the Roan-related speculation. (11/25a)
Check It Out Now
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
 Email

 First Name

 Last Name

 Company

 Country

By clicking submit you are agreeing
to Terms and Conditions