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Spotify Technology S.A. (SPOT)
After hours:
- Zacks
Alphabet (GOOGL) to Enhance Music Experience With New Feature
Alphabet (GOOGL) is expected to gain further user momentum with the addition of the multi-select feature to the YouTube Music app.
- Reuters
France's Deezer, rival to Spotify, sinks 35% on market debut
PARIS (Reuters) -Shares of French music-streaming platform Deezer plunged as much as 35% on its first trading day, in a blow to telecoms maverick Xavier Niel and luxury billionaire Francois-Henri Pinault, who made the company's market debut possible. Deezer, one of the country's first so-called "unicorns", or tech companies valued more than 1 billion euros, has been struggling to convince on its capacity to take on bigger rivals Spotify and Apple Music. "The sector is super competitive," DZ Bank analyst Manuel Muehl said.
- Motley Fool
Will This Spotify Acquisition Strengthen Ad Revenue?
Recently, Spotify (NYSE: SPOT) expanded its offerings by acquiring audiobooks firm Findaway. In this video clip from "The M&A Show" on Motley Fool Live, recorded on June 17, Fool.com contributor Jason Hall looks at the deal and how it could give a big boost to Spotify's ad revenue business. Jason Hall: I think you're going to see more acquisitions from Spotify like this, that's what I really think.
