Music Streaming Has a $2 Billion Fraud Problem That Goes Beyond AI [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 year and a half earlier, in 2018, his independent music label, Tambourhinoceros, had released a languid, synth-pop song, titled Hey Kids, by Molina, a Danish-Chilean singer. The initial reception was modest. But then, months later, it started taking off on TikTok and YouTube as creators embraced the song as a catchy, mood-setting score for all manner of emotive videos and animations. From there, the momentum spread to Spotify, Apple Music and other streaming services. By March 2022, the song was generating more than 100,000 streams per day. “It was amazing to see all that traction,” Rom said. But his team's initial excitement was soon tempered by an unsettling realization. The growing popularity of Hey Kids had not only caught the attention of TikTok and YouTube performers but also another more pernicious, if less widely recognized, mainstay of the modern media ecosystem — streaming music scammers. Taking advantage of the loose restrictions in an age of automated music distribu
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News
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Benchmark Co. from $290.00 to $325.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify (SPOT) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Taylor Swift's New Album Rollout Has Spotify, Social Media Companies And More Fighting For Swiftie Attention [Forbes]Forbes
- Spotify Says 25% of US, UK, Australia Subscribers Try Audiobooks [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Raymond James from $260.00 to $320.00. They now have an "outperform" rating on the stock.MarketBeat
SPOT
Earnings
- 2/7/24 - Miss
SPOT
Sec Filings
- 4/17/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/7/24 - Form 144
- SPOT's page on the SEC website