Ooga chaka … ooga, ooga.
Perhaps playing the spring 1974 classic rendition of “Hooked on a Feeling” by Blue Swede won’t make the executive team at Stockholm-based Spotify Technology S.A. feel so blue come Thursday morning.
While Spotify reported a multi-million dollar loss that’s much smaller than the loss seen in Q2 2018, it added fewer paying subscribers than analysts expected … again.
This led Pivotal Research Group Principal and Entertainment/Interactive Subscription Services Analyst Jeffrey Wlodarczak to downgrade “SPOT” stock.
