Shares of Spotify Technology (SPOT) are up more than 6% so far in Tuesday’s trading session on the heels of delivering Q4 guidance. Despite falling short in earnings for the final quarter of 2023, the upbeat guidance for growth in active users stole the spotlight. After finally posting a profit in Q3, Spotify took [...]
All eyes within the gaming world are on Rockstar Games today, a studio owned by Take-Two Interactive Software (TTWO). The studio is known for games like Red Dead Redemption, NBA 2k, but more notably, the Grand Theft Auto lineup. And after more than 10 years, the latest iteration in the GTA series has life. [...]
It was a bad start to the week for a big chunk of Spotify’s (SPOT) workforce after the company announced Monday morning that 17% of jobs would be cut. CEO Daniel Ek didn’t mince words, admitting that many smart, talented, and hardworking individuals would be let go. This is now the third round of [...]
Spotify (SPOT) sent ripples throughout the stock market this morning after surprising everyone with its first quarterly profit in the past year while analysts were expecting a loss. The Sweden-based streaming service grew sales by 17% year over year, reporting a figure that equates to $3.57 billion - just narrowly outperforming the analyst consensus [...]
One stock that’s been making noise - and not in a good way - is Spotify. Just under 2 years ago the stock was trading at over $360/share and seemed to be the industry leader in music streaming. Today, the stock sits at less than $80/share - reaching an all-time low of just over [...]
