SPOT Stock Recent News

Spotify Technology leverages AI for user growth. UiPath sees a 14% ARR rise, fueled by intelligent automation and retention gains.

In the closing of the recent trading day, Spotify (SPOT) stood at $663.96, denoting a +1.62% change from the preceding trading day.

Artificial intelligence will encourage more people to create music in the future and is not a threat to the industry, the founder and CEO of streaming giant Spotify said.

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Spotify says its ability to direct its customers to external payment links in its iOS app has already had a positive impact on sales. In a newly filed amicus brief in support of Epic Games in its ongoing legal battle with Apple over external payments on the App Store, Spotify claims its internal data indicates that its recent update supporting web payments has resulted in “a significant increase in iOS users upgrading to a Premium subscription.

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Spotify announced on Monday that Apple has approved a new app update, allowing iPhone users in the U.S. to purchase individual audiobooks directly within the app. Users can also view audiobook prices and easily buy additional listening hours beyond the initial 15 hours.

Spotify announced last week that it would roll out public play counts on all podcasts as a way of “helping attract new fans.” But podcasters swiftly responded with criticism of the new feature — mainly, that it would further promote podcasts that already have large audiences while making smaller shows less appealing to new listeners.

Alphabet-owned YouTube launched a weekly top podcast shows chart. Podcasts like "The Joe Rogan Experience," "Kill Tony" and "Rotten Mango" currently top the YouTube chart.