Spotify Technology Stock News

S&P 500 opens lower on Monday after a holiday weekend in which President Trump threatened to fire the head of the Federal Reserve.

Our Spotify swing trade was an example of learning from losing.

In what feels like an increasingly common occurrence, a widespread Spotify outage on April 16 left millions of users without access to the popular music streaming platform, swiftly triggering rumours of a major ‘security hack.'

The positive momentum appears connected to the growing recognition of Spotify's evolving content strategy, which increasingly emphasizes diversification beyond its foundational music subscription business.

Spotify says it has fixed an issue that caused tens of thousands of users to complain of an outage Wednesday morning, according to reports filed on DownDetector.com, which had prompted social media users to cope with memes and panicked comments.

Spotify's stock has surged 85.1% since my initial “cautious buy” rating, driven by better-than-expected company improvements and strong execution. Despite impressive growth, the reduced margin of safety now requires greater optimism for a favorable valuation, prompting a downgrade to “cautious hold”. Spotify has achieved significant milestones, including a +30% gross margin and +670 million MAU...

The music streaming service is still suffering issues that are making features unavailable to some.

Spotify was down Wednesday, with about 50,000 reports of an outage on DownDetector. The company said it was working on a fix but did not provide details about the scope of the outage.