Spotify Technology Stock News

Most investors would be wary of attempting to buy a stock near its highs, and much less after a recent run to the upside, thinking that they can get the proverbial rug pulled from under them. However, sometimes the fundamental picture provides enough evidence and justification to let investors buy into a rally without worrying about a top and turn.

The tech sector is full of bulletproof stocks -- but these two are a cut above.

Spotify is going after YouTube's video podcast dominance with a new revenue program for creators. It will soon share revenue with creators based on how much their videos are viewed.

Spotify announced on Wednesday that it will start paying podcast hosts who make popular videos on its streaming platform, as the company looks to take on YouTube's dominance in the video podcast space. Although creators can already monetize their podcasts on the platform, they are now being incentivized to publish a video component alongside their podcasts.

Audio streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads.

The Dow Jones Industrial Average edged up on Wednesday as investors aimed to extend a post-election rally following an inflation report that met expectations. The blue-chip index rose by 258 points, or 0.3%.

For Spotify founder and CEO Daniel Ek, the company's third-quarter results reflect the momentum it's built over the past year and the realization of long-term strategic goals.

Spotify CEO Daniel Ek has once again teased the company's long-delayed HiFi or “super premium” tier, a higher-qualify subscription offering the streaming service first announced in 2021 and then failed to roll out.