Are Spotify Investors Scared Of An Amazon Sting?


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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