Spotify Shares Fall Following Earnings Report
Spotify shares fell 12 percent following the release of company results. This represents the largest single-day drop for the streaming company in at least two years. The decline follows a period of transition from founder CEO Daniel Ek to two new CEOs earlier this year.
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Sources · 7 independent
BBC Radio 4
“the shares fell 12%, which is the biggest drop that they've seen for at least three years or a couple of years.”
BBC Radio 4
“even when they post positive results, as these were, if they're not where the market expects them to be, you see this share price fall.”
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