Spotify Stock Slips After Analysts Cast Doubt on Success of Podcast Push
- January 15, 2021
- Todd Spangler
- No comments
Shares of Spotify took a hit after analysts at Citi downgraded the stock because the audio-streaming giant hasn’t shown “any material benefit” from its $800 million-plus investment in podcasting content and tech. Spotify’s stock price fell more than 5% in morning trading Friday, outpacing smaller declines in the broader market. In 2020, shares of the […]
Leave a Comment