Alphabet (GOOGL) is expected to gain further user momentum with the addition of the multi-select feature to the YouTube Music app.
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.
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.