Trench coat flow……bottom line
Spotify Technology SA suffered its worst stock decline since becoming a public company, slammed by investors who weren’t impressed with a 45% jump in subscriptions last quarter. The company’s stock fell as low as $151.11, marking its biggest intraday drop yet. Before the rout, it had climbed 29 percent over the past month.
Is Spotify dying? It is possible. Most people do not use multiple streaming services, and the number of people subscribing to Apple Music and Tidal is growing immensely. Some artists are receiving payment to mention certain streaming platforms. J Cole mentions Spotify (which is what inspired the title of this blog) in many of his songs. I am sure he uses this service more than other services. But is this ethical? This digital world can be influenced very easily, and these providers are using this fact to sway potential subscribers.