SPOT Stock Recent News

Byrna Technologies, Spotify and Climb Global have been highlighted in this Industry Outlook article.

A man has been charged in an alleged scheme to defraud music streaming platforms of over $10 million by using artificial intelligence to trick their algorithms. The indictment alleges that Michael Smith of North Carolina, US, used bots to artificially inflate streams on platforms including Spotify, Apple Music, and YouTube, manipulating royalty payments for his AI-generated songs.

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This streaming stock soared during the pandemic, then fell off a cliff once lockdown restrictions eased. Rising profitability, driven by cost-cutting and price hikes, has re-invigorated its stock price.

Every day, millions of people use Spotify to stream music. A few years ago, it would've felt like an impossibility: Click, and bam—a seemingly endless catalog of recorded music opens up, right at your fingertips.

Spotify claims Apple may be again in violation of European regulation, the Digital Markets Act (DMA), which requires interoperability from big technology companies dubbed “gatekeepers.” This time, the issue isn't about in-app purchases, links or pricing information, but rather how Apple has discontinued the technology that allows Spotify users to control the volume on their connected devices.

Spotify's premium subscriber growth and price increases have driven strong earnings, but reliance on record labels could cap future profitability. Investments in owned content like podcasts and audiobooks aim to diversify revenue, but podcast profitability has been challenging. The shift to ad-supported podcast models may help break even but limits profit potential; audiobooks show promise but remain uncertain.

In light of the recent increase in SPOT's price, it's crucial to assess the company's current standing to make an informed investment decision.

A Wall Street analyst sees several tailwinds for Spotify stock in the second half of 2024. Spotify shares have stalled recently.

European Union (EU) regulations impacting artificial intelligence (AI) may deny the region's businesses, academics and others the chance to participate in new technology investment and economic growth opportunities, Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek wrote in a joint statement released Friday (Aug. 23).