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Stock impact report

Spotify Will Let Customers Buy a Hard-Copy Book With a Click in the App [CNET News]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: CNET News
On Wednesday, Spotify launched a feature in the US and UK that will let some subscribers order a physical book with a single click in the app. The feature is through a partnership with Bookshop.org , an online merchant whose mission is "to help local, independent bookstores thrive in the age of e-commerce." The seller gives 80% of its profits to independent bookstores and has raised more than $46 million since its launch in 2020. Book buyers can either purchase from an independent store or directly from the site, with a portion of their purchase going into a profit-sharing pool. Spotify's global head of audiobooks, Owen Smith, said in a news statement that the streaming giant wants to make "reading fit into modern life" and make "it easier for people to engage with books while supporting growth for authors and publishers along the way." Spotify's collaboration with Bookshop was announced in February Spotify said the new feature was "rolling out" to Android users on Wednesday and Show less Read more
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