Spotify (SPOT) closed at $307.52 in the latest trading session, marking a -0.89% move from the prior day.
(Bloomberg) -- It’s been less than a year since Spotify Technology SA raised prices on its US premium plans for the first time, and investors who bought into Chief Executive Officer Daniel Ek’s strategy have been rewarded with a roughly 80% jump in the stock. Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs Soar‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpWarning Signals Are Flashing for Homeowners in Texas and FloridaNew BYD Hybrid Can Drive N
Spotify Technology SA (NYSE:SPOT) discontinued its debut hardware product, which enabled users to control Spotify through car speakers using voice recognition and preset buttons when connected to a phone. The stock is trading higher on Friday. Spotify ceased production less than a year after its release, and now, two years later, the device will become inoperable on December 9. Spotify does not offer refunds or subscription credits. Instead, the company advises users to dispose of the Car Thing