![]() ![]() ![]() The Joe Rogan controversy may have caused some to switch, but it seems like the negative effect of the Joe Rogan headwind is now in the rear-view mirror. Undoubtedly, Spotify has been through a lot over the past year. ![]() Further, the commoditization of streaming could hurt the company’s ability to raise prices by a considerable amount. Though the valuation makes more sense today than it did a few months ago, Spotify doesn’t really have many catalysts going for it. On Monday, the stock fell below $100 per share for the first time and is now under $94. The stock now finds itself down around 76% from its all-time high of around $364 per share. Though Spotify has attempted to distance itself from the fallen video-streaming company Netflix ( NFLX), investors have just lost faith in the Swedish-based firm. Shares of music-streaming service Spotify ( SPOT) have been retreating rapidly of late, thanks in part to the broader weakness in streaming. ![]()
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