4 12, 2023

Spotify Climbs 8% After Announcing Workforce Cuts: Is This Good News For Investors, Though?

By |2023-12-07T19:47:07+00:00December 4th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , , , , |

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 [...]

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24 10, 2023

Spotify Jumps 10% on Earnings Beat, But It May Not Be Time to Buy This Stock Just Yet…

By |2023-12-07T19:49:25+00:00October 24th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , , |

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 [...]

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