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Down 55%, Spotify's CEO Recently Bought Shares. Should Investors Follow Suit?

·3-min read
Down 55%, Spotify's CEO Recently Bought Shares. Should Investors Follow Suit?
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The Fed has decided to raise interest rates in order to tamp down inflation, and economic impacts linked to the war between Russia and Ukraine continue to adversely affect businesses globally. Technology stocks have been the most vulnerable as investors head for the exits and seek protection in value-oriented companies and safer assets. Year to date, the Nasdaq Composite has plunged 28%, with no signs of turning the corner anytime soon.

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