Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1675
    +0.0019 (+0.16%)
     
  • GBP/USD

    1.2490
    -0.0021 (-0.17%)
     
  • Bitcoin GBP

    50,980.30
    -534.56 (-1.04%)
     
  • CMC Crypto 200

    1,383.71
    -12.82 (-0.96%)
     
  • S&P 500

    5,109.78
    +61.36 (+1.22%)
     
  • DOW

    38,297.55
    +211.75 (+0.56%)
     
  • CRUDE OIL

    83.91
    +0.34 (+0.41%)
     
  • GOLD FUTURES

    2,346.30
    +3.80 (+0.16%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

Google’s Moves Could Temper Spotify’s Goals

Google’s Moves Could Temper Spotify’s Goals

Spotify’s (SPOT) first-quarter report as a public company was underwhelming, and its guidance for the current quarter disappointed. Spotify could have a much harder time meeting its goals for the current quarter, given Google’s (GOOGL) recent move of a revamped streaming music service. Google is launching YouTube Music to take on Spotify, Apple, Amazon (AMZN), and Pandora (P) in the multibillion-dollar online music service market.