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Spotify stock rose 5.6% on Monday after the streaming giant announced another round of price hikes for its US subscription plans. Prices will rise between $1 and $3 beginning in July, the company ...
Most Spotify Premium plans now cost more. Subscribers will pay an additional $1 to $3 monthly for the service. See what you need to know about the price hikes.
The company is also going to introduce a new basic tier that will offer music and podcasts — but not audiobooks — for the current $11 monthly price of an individual premium plan, the report said.
Some of Spotify’s other tiers are also getting price bumps. The monthly cost of Duo, a plan that lets two people split a premium plan, is rising by $2, to $16.99. The family plan is increasing ...
Spotify shares have surged as Wall Street bulls continue to praise the company's outlook on the heels of fresh price hikes for its premium US subscription plans.The stock is up about 70% since the ...
Spotify went public on the stock market in April 2018 using a direct public offering rather than an initial public offering. This approach is not intended to raise fresh capital, but to let investors get their returns. [56] [57] [58] Morgan Stanley is the company's slated advisor on the matter. [58]
Spotify CEO Daniel Ek suggested more price increases are to come as the audio giant plans to offer various subscription plans to attract as many users as possible."A huge part in this next phase ...
Turning to operating companies as opposed to investment companies (mutual funds), in determining whether shares in a public company are a cheap or expensive investment, one tool used by investors is a comparison of the company's current market capitalization (being the price at which the market values the company) with its NAV. The NAV may be ...