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Spotify Is Growing Users at a Record Rate: Should You Buy the Stock?

Spotify Is Growing Users at a Record Rate: Should You Buy the Stock?

The start of 2023 has been strong for digital audio platform Spotify (NYSE: SPOT). Exclusive podcasts, refined marketing strategies, and new platform features are driving more people around the world to sign up and engage with Spotify's audio service, which has investors bullish on its prospects at the moment. The highlight of Spotify's first quarter was clearly its user and subscriber numbers.