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Spotify Stock (SPOT) Plunges on Disappointing Subscriber Growth
Spotify inventory (Spot) sinks in soon after-hours buying and selling, February 2nd. Spotify’s slowing subscriber development isn’t just a new music market dilemma. Now, Wall Road is looking at a plateau ahead — and punishing Spotify’s inventory accordingly. Spotify stock (Place) took a further drubbing in after-several hours buying and selling on Wednesday night (February 2nd) as Wall Street expressed disappointment with the most current high quality subscriber report. The streaming huge divulged its latest quarterly financials as the marketplaces closed, revealing a respectable 8 million premium subscriber achieve around the world all through the fourth quarter of 2021. But the broader picture and forecast proved problematic. Spot shares right…