Are Spotify Investors Scared Of An Amazon Sting?

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It’s been an interesting year on Wall Street for streaming audio darlingĀ Spotify.


On April 3, 2018, its first day of trading on NYSE, a $149.01 closing price was seen. Instead of celebrating a successful public offering, Spotify’s top brass have seen dramatic ups and downs over the last 12 months.

Now comes word that a possible rival is on the way, which send SPOT down sharply in Monday’s trading.

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