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Stock impact report

Anyone want to pay an extra 50% for their Spotify subscription? This bill would make it mandatory. [Business Insider]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
But this bill won't solve it because it's never going anywhere. Lots of consumers like streaming music. Lots of musicians complain about streaming — they say it doesn't generate nearly as much revenue for them as they deserve and need. So here's a proposal to help fix that: a tax that would increase American consumers' music streaming bills by 50% — meaning you'd pay an extra $4 to $10 a month for services like Spotify or Apple Music. [Record scratch.] What? That proposal comes from the Living Wage for Musicians Act , sponsored by Rep. Rashida Tlaib (D-Michigan) and Rep. Jamaal Bowman (D-New York). And this one is obviously not going anywhere. I don't believe there was ever a time that Americans supported a 50% tax hike on anything, for any reason. But it's clearly not going to happen when lots of them are still trying to figure out how to afford houses or eggs after a big inflation spike. You can also tell Tlaib and the bill's supporters don't really think this tax is go Show less Read more
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