Business
Isn the right time to buy Spotify?
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
The world’s largest audio streaming platform, Spotify (NYSE: SPOT), saw its stock price decline by more than 10% at one point in the last week amid announcements for new audio features from Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB). Since some of these new products are targeted at the podcasting space, investors seem to be worried that the potential added competition could hurt Spotify.
But before Spotify shareholders rush to the exits, it’s worth examining whether this is truly important news, or simply investing noise. Let’s take a closer look at what was announced and whether it might actually have an…
-
Noosa News22 hours agoBob Katter threatens to punch Nine reporter during ant-immigration press conference
-
Business21 hours agoDicker Data rides the AI trend to double digit growth
-
Business24 hours agoForget CBA shares, this ASX 200 financials stock could be a better buy
-
Noosa News21 hours agoBob Katter threatens Channel 9 journalist for asking question on family heritage