Tech

LIVE: Spotify missed big on its bottom line

In its first quarterly report since becoming a public company,Spotify had disappointing news: a loss that came in much bigger than expected. Investors sold the stock on the news. In recent after-hours trading, shares in the streaming music company were down $US14.30 a share, or 8.41%, to $US155.70 The streaming […]
LIVE: Spotify missed big on its bottom line
Markets

Spotify is climbing ahead of earnings

Spotify is set to release its first quarterly earnings report as a public company after the closing bell Wednesday. The company lost $US5 billion on $US1.5 billion of revenue in 2017. Follow Spotify’s stock price in real-time here. Spotify was up 2.66% and climbing ahead of its first earnings report […]
Spotify is climbing ahead of earnings
Tech

Apple’s Shazam deal is a sneak attack to hit Spotify where it hurts

Apple bought Shazam for $US400 million, which makes it one of the company’s largest acquisitions in years. Shazam makes the most sense inside Apple’s music division, which falls under SVP Eddy Cue. Apple is unlikely to be interested in Shazam’s advertising business. Apple has yet to reveal its plans for […]
Apple’s Shazam deal is a sneak attack to hit Spotify where it hurts