SPOT - Spotify Technology S.A.

NYSE - NYSE Delayed Price. Currency in USD
147.23
+0.10 (+0.07%)
At close: 4:02PM EST
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Previous Close147.13
Open146.97
Bid147.53 x 800
Ask0.00 x 1200
Day's Range145.70 - 148.68
52 Week Range103.29 - 161.38
Volume565,137
Avg. Volume1,576,306
Market Cap26B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-7.63
Earnings DateFeb 4, 2020 - Feb 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est167.35
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    ByteDance's Resso Stirs Up Competition in Music Steaming Space

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  • Bloomberg

    Apple Keeps Payments Tech for Itself and Europe Has Had Enough

    (Bloomberg) -- Apple Inc.’s digital wallet is expanding in Europe just as regulators crack down on the tech giant’s move into financial services.At issue is Apple’s role as a platform for other services. Spotify Technology SA already complained to antitrust regulators that Apple favors its own music service. Now banks and other payments providers say the company gives its Apple Pay service an unfair advantage by limiting access to a key component inside iPhones.“Access to technical interfaces is now a key competitive factor for payment systems,” Kerstin Altendorf, a spokeswoman for the Association of German Banks, said. “The same conditions should apply to all market participants.”The arguments leveled at Apple come as lawmakers and regulators look to curb the power of Silicon Valley technology platforms, including Google and Facebook Inc.European Union antitrust chief Margrethe Vestager has begun scrutinizing Apple Pay, and antitrust regulators in the Netherlands and France are concerned, too. In Germany, a law that kicks in Jan. 1 could force Apple to open up its payments technology more for competitors.This is all bad timing for Apple, which is relying more on digital services like Apple Pay to generate growth. Its digital wallet is linked with 900 banks in Europe already and the company plans to work with another 1,500. How well that goes will partly depend on the fight for access to Apple Pay tech.Vestager’s officials have sought industry feedback on how iPhones may favor Apple Pay over other payment solutions. While that hasn’t triggered a formal probe yet, Vestager said she’s heard “many, many concerns” over the service and how that might hamper competition for easy payments.Bad blood between Vestager and Apple won’t help either. Chief Executive Officer Tim Cook called one of Vestager’s decisions “political crap” when the EU ordered Apple to pay Ireland 13 billion euros in unpaid taxes.And Vestager’s concerns about Apple Pay are echoed by other antitrust regulators in the region. France’s antitrust regulator has warned about new entrants to quickly gaining dominant positions, and the Dutch regulator in October launched a market study to analyze the impact of big tech firms on its payments market.Germany is on the front lines of this battle. A law, kicking in Jan. 1, requires operators of digital money infrastructure to open up access to competitors for a reasonable fee. While Apple isn’t mentioned in the law, the company may be most exposed because Apple Pay relies on the iPhone’s near-field communications chip for slick in-store payments.Wireless payments are powered by so-called NFC chips, that let thousands use their phones to pour through subway ticket gates in London and Tokyo. The component also handles the wireless signals that allow Apple Pay users to wave their phones at store terminals for instant charges to a credit or debit card. Banks want the same functionality for their own iPhone apps and complain that Apple won’t give them access to the chip.Germany could force Apple’s hand. The new law requires “non-discriminatory access to the technical infrastructure” said Altendorf, the spokeswoman for the German bank association. That’s a step in the right direction, she added.Apple has already had to make changes to Apple Pay in response to an antitrust complaint in Europe. Swiss mobile payment app Twint contacted regulators because Apple’s wallet app kept automatically launching when customers tried to use Twint’s QR-based app at payment terminals. Apple last December agreed to implement a technical solution, deactivating NFC when the Twint app is open to stop Apple Pay interfering with its competitor’s service.Apple says it restricts access to the iPhone’s NFC chip as part of a system that encrypts users’ card information. Allowing competing mobile payments apps to access the NFC chip decoupled from Apple’s added layer of security could increase the risk of fraud and other security breaches, it said.Apple believes “deeply in competition,” it said in a statement, and the company has tried to make the service “the kind of seamless and convenient payment and wallet system that our users want and expect.”Customers can also still use alternative mobile payment options on Apple devices where transactions are processed through black-and-white QR codes instead of NFC technology.Security concerns may scupper these QR-based alternatives, which are used by Twint, Payconiq International SA and other Apple Pay rivals.QR codes can be easily spoofed, according to James Moar, an analyst at Juniper Research. “I don’t really see that as viable competition to Apple Pay in Europe at this point,” he said.\--With assistance from Mark Gurman and Sarah Syed.To contact the reporters on this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.net;Aoife White in Brussels at awhite62@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Spotify names top musician of the decade as streaming compensation fight looms
    Yahoo Finance

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    Music streaming services have skyrocketed in recent years, but challenges still remain when it comes to artist compensation.

  • SEC shoots down NYSE plan to loosen rules on IPO alternative
    American City Business Journals

    SEC shoots down NYSE plan to loosen rules on IPO alternative

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  • IPO vs. Direct Listing: Knowing the Difference
    Investopedia

    IPO vs. Direct Listing: Knowing the Difference

    Initial public offerings and direct listings are two methods for a company to raise capital by listing shares on a public exchange. While many companies choose to do an initial public offering (IPO), in which new shares are created, underwritten and sold to the public, some companies choose a direct listing, in which no new shares are created and only existing, outstanding shares are sold with no underwriters involved.

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  • Reuters

    Swedish start-up Epidemic Sound tunes into demand for original music

    Epidemic Sound, backed by Spotify's investors, is one of a new wave of music companies expanding rapidly on the back of demand for easy access to original music from commercial users, especially YouTubers. Sweden's Epidemic managed to double its revenue last year to 234 million Swedish crowns ($24 million), as it muscles into the same market as traditional record labels, such as Universal, which hold copyrights and charges royalties, while also competing with tech giants like Apple which recently launched a music for business service. It splits all music streaming revenue from a track 50/50 with composers and retains the exclusive rights to the songs in its library.

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  • The Traditional IPO May Be On Its Way Out
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  • Spotify Wrapped expands to include your favorite music from the decade, plus podcaster metrics
    TechCrunch

    Spotify Wrapped expands to include your favorite music from the decade, plus podcaster metrics

    Spotify's annual "Wrapped" feature, which allows listeners to look back on their favorite music from the year, is expanding in 2019 to include a whole decade's worth of favorite tunes, the company announced today. In addition, the feature is for the first time being made available to podcasters, in addition to Spotify users and Spotify artists. "Wrapped" has become one of Spotify's more anticipated releases among those who use the service regularly, as it allows users to explore their own top songs, top artists, top genres and minutes listened for the year.

  • The Zacks Analyst Blog Highlights: Spotify Technology, Discovery, Cable One, Gray Television and Studio City International
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    The Zacks Analyst Blog Highlights: Spotify Technology, Discovery, Cable One, Gray Television and Studio City International

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  • Hedge Funds Cashed Out of Spotify Technology S.A. (SPOT) Too Early
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    "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]

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  • As Airbnb, DoorDash eye IPO alternative, NYSE wants to make direct listings more attractive
    American City Business Journals

    As Airbnb, DoorDash eye IPO alternative, NYSE wants to make direct listings more attractive

    The NYSE wants to lift a restriction against raising funds when doing a direct listing, a method of going public that has been used by Slack Technologies Inc. and Spotify Technology S.A.

  • NYSE proposes big change to direct listings
    TechCrunch

    NYSE proposes big change to direct listings

    The New York Stock Exchange filed paperwork this morning with the U.S. Securities and Exchange Commission to allow companies to raise capital as part of a direct listing. Direct listings have become increasingly popular since Spotify's 2018 exit, which allowed its employees immediate liquidity, removed preferred access from bankers and allowed for market-driven price discovery. Companies, like Spotify, that opt to complete a direct listing are able to bypass the financial roadshow, thus avoiding some of Wall Street’s exorbitant fees.

  • NYSE seeks to let direct listings raise capital in IPO alternative
    Reuters

    NYSE seeks to let direct listings raise capital in IPO alternative

    The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public to raise capital through a direct listing, instead of an initial public offering. This new hybrid model comes after criticism by venture capital investors of the traditional IPO, which for decades has been the route to the public markets for companies such as Amazon.com Inc , Apple Inc and Microsoft Corp .

  • Reuters

    UPDATE 3-NYSE seeks to let direct listings raise capital in IPO alternative

    The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public to raise capital through a direct listing, instead of an initial public offering.

  • Bloomberg

    The Loneliness of a Highbrow Teenage Songwriting Robot

    (Bloomberg) -- Meet Yona. She loves reading Margaret Atwood and articles about teenage life and sings about loneliness and relationships on her newly released track.If this sounds a bit scripted, that’s because it is: Yona’s not human.Yona has been created by London-based company Auxuman and trained using artificial intelligence, fed on music and literature, and learning from reactions to her music posted online.Auxuman was co-founded by Ash Koosha, Isabella Winthrop and Negar Shaghaghi. It builds AI-based characters and licenses them for entertainment, branding or live performances. Along with Yona, Auxuman also created Mony, Zoya, Hexe and Gemini – each with their own individualities.Listen to the Podcast: Can AI Compose Good Music?“The question for me always was how I can make a very intriguing, complete and complex piece of music only using a computer,” Koosha said in an interview.Artificial intelligence is being used by the music industry to invent new tools and sounds or, in Auxuman’s case, entirely new musicians.One of the first major projects was launched several years ago by Sony’s CSL Research Lab in Paris, which developed a system called FlowMachines that learns music styles from a large database of songs.French composer Benoît Carré, who was working with the Sony researchers at the time, fed the machine 470 lead sheets of Jazz standards from 1930s up through the 1960s. The final result was his first AI-generated song, released in 2016: “The Ballad of the Shadow”.Carré continues to work with researcher Francois Pachet, who’s since moved to Spotify Technology SA, where he leads its Creator Technology Research Lab. They created other AI tools which Carré has employed in his latest album titled “American Folk Songs”, released in October.At Luxembourg-based Aiva Technologies, Chief Executive Officer Pierre Barreau taught an algorithm to learn patterns in music based on 30,000 scores by Johann Sebastian Bach, Ludwig van Beethoven, Wolfgang Amadeus Mozart and others. Aiva’s program helps composers create new music for background use in movies and commercials, or for corporate branding at events.Barreau and his team recently trained Aiva on compositions by the Czech composer Antonin Dvorak. The machine suggested a potential ending for an unfinished symphony by Dvorak, played for the first time by the Prague Philharmonic Orchestra in November.Despite the advances, the music industry is still far away from being subsumed entirely by AI-generated songs, according to music critic Anthony Fantano, host of YouTube channel The Needle Drop.Humans will always want to be able to play music as an outlet, Fantano said, and many still look to music as a way to relate to the hardships evoked by the artist.“That cannot simply be recreated with an AI,” he said.To contact the reporter on this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Spotify unveils the most streamed artists of the decade
    Yahoo Finance Video

    Spotify unveils the most streamed artists of the decade

    Music streaming has skyrocketed in recent years, with double digit gains in both revenue and subscriber growth. Yahoo Finance's Alexandra Canal breaks it down. Zack Guzman & Emily McCormick, along with Strictly Cookies CFO Courtney Comstock join in on the conversation.

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