Spotify stock (NYSE: SPOT) is threatening to fall beneath $70 per share for the first time in company history – prompting investors and observers to speculate about the Stockholm-based business’s path forward and long-term outlook. During today’s tradi…
Category archives: Spotify News
Spotify Reportedly Explores Anghami Buyout Amid Rapid MENA Music Industry Growth
Spotify (NYSE: SPOT) is reportedly exploring a potential acquisition of Middle Eastern streaming service Anghami (NASDAQ: ANGH). The Stockholm-headquartered company’s reported buyout of Anghami, which debuted on the public market via a SPAC merger in F…
Spotify Car Thing Suffers Brutal Hack With Root Achieved — Company Says It’s “Unsupported and End-of-Life”
Spotify’s discontinued Car Thing accessory has been hacked and root achieved thanks to security loopholes. The Car Thing is ultimately a failed experiment from Spotify to try and give those with older cars easy access to music streaming. The devi…
Spotify CEO Daniel Ek Confirms 2023 Price Increase Plans Following Apple Music Raises
Days after Apple Music raised the cost of its individual plan in markets including the U.S., Spotify CEO Daniel Ek has confirmed that his platform will likely roll out a price increase of its own in 2023. The Helsing investor Ek, who just recently disc…
Spotify Stock Plunges More Than 15% Following Q3 Financial Report
Despite growth in subscribers, MAUs, and revenues, SPOT stock is headed in a downward trend following the company’s Q3 financial report. Shares have tanked more than 15% in two trading sessions following the company’s Q3 earnings call. Spot…
Apple Keeps Rejecting Spotify’s Audiobook App Store Updates
A new report says Spotify is facing issues getting Apple to approve an App Store update featuring audiobooks. The New York Times reports that Spotify’s latest update has been rejected at least three times. Apple says it’s because Spotify…
Spotify Won’t Remove Kanye West Music Over ‘Awful Comments,’ Daniel Ek Confirms
Spotify CEO Daniel Ek has confirmed that his platform doesn’t intend to remove the work of Kanye West (also known as Ye), with whom Gap, Adidas, CAA, and others have recently cut ties. 39-year-old Daniel Ek, whose Stockholm-based streaming company po…