Lawsuit against Spotify alleges Drake benefits from bot accounts streaming his songs [BNN Bloomberg (Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: BNN Bloomberg
A class action lawsuit against Spotify claims that the streaming giant has “turned a blind eye” to “mass-scale fraudulent streaming” on its platform. The lawsuit is against Spotify. Aubrey Drake Graham is not being sued directly, though his name appears in the suit 32 times. The allegations paint a roadmap of alleged fraud, claiming that Drake has profited off a “fraudulent streaming scheme” that was “artificially boosted by Bots.” Filed in a California District Court on Nov. 2, the suit names rapper RBX – Snoop Doggs cousin – as the main plaintiff. In September, Drake became the first artist to reach 120 billion streams on Spotify, though the lawsuit claims that hundreds of millions of streams reveal “abnormal VPN usage, seemingly designed to obscure the true geographic origins of the Bot accounts that were streaming his songs.” In one example, the lawsuit alleges that “over a four-day period in 2024, at least 250,000 streams of Drake's song ‘No Face' originated in Turkey,
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News
- Spotify Technology (NYSE:SPOT) was downgraded by analysts at Erste Group Bank AG from a "buy" rating to a "hold" rating.MarketBeat
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- Spotify: Investors Underestimate The Impact Of Its Ad Struggles [Seeking Alpha]Seeking Alpha
- ‘Age Is Just A Number'—2025 Spotify Wrapped Includes ‘Listening Age' [Forbes]Forbes
- Spotify Wepa'd: Bad Bunny reclaims title of most-streamed artist globally [Los Angeles Times (CA)]Los Angeles Times
SPOT
Earnings
- 11/5/25 - Beat
SPOT
Sec Filings
- 11/5/25 - Form 6-K
- 11/4/25 - Form 6-K
- 11/4/25 - Form 6-K
- SPOT's page on the SEC website