|Bid||141.82 x 3200|
|Ask||149.00 x 1200|
|Day's Range||146.09 - 148.36|
|52 Week Range||103.29 - 161.38|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 4, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||166.60|
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.
KPMG Chief Economist Constance Hunter joins Yahoo Finance’s Adam Shapiro, Julie Hyman, Pras Subramanian and Ethan Wolff-Mann to discuss what companies have been the most influential companies of the decade on On The Move.
Spotify’s tired of screwing around here. This week, Spotify is introducing a new button to help kickstart the habit. First noted by The Verge, the feature is coming to users in a number of markets, including the U.S., U.K., Brazil, Mexico, Ireland, New Zealand and Australia, limited to those users who have yet to use Spotify to listen to a podcast.
Amazon Alexa can now play podcasts from Apple, making Amazon's line of Echo devices the first third-party clients to support the Apple Podcasts service without using AirPlay. Before, this level of support was limited to Apple's HomePod. According to Amazon, the addition brings to Alexa devices Apple's library of more than 800,000 podcasts.
Tik Tok-parent ByteDance's new music app Resso is expected to challenge the dominance of Spotify (SPOT) and Apple in the music streaming space.
(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 firstname.lastname@example.org;Aoife White in Brussels at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Facebook's founding got the movie treatment with Aaron Sorkin's "The Social Network." The story of how Snapchat came to be will be a flagship series on the upcoming streaming service, Quibi. Today, Spotify is the latest startup to get its story told on screen -- this time, as a new Netflix show. Netflix says it's developing a scripted series inspired by the book "Spotify Untold" by business reports at Swedish Dagens Industri, Sven Carlsson and Jonas Leijonhufvud.
Today we found three 'cheap' tech stocks trading under $10 per share with the help of our Zacks Stock Screener that investors might want to buy heading into 2020...
Music streaming services have skyrocketed in recent years, but challenges still remain when it comes to artist compensation.
The NYSE submitted a proposal just before Thanksgiving that would have let companies raise money when they go public via a direct listing instead of a traditional IPO. The SEC on Friday shut down the idea without opening it up for public comment.
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.
The past decade saw a ton of innovation from incumbent companies — like Amazon, Google, and Facebook. But new companies emerged as well and made their mark.
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.
This is another avenue of publicly debuting shares that I believe could gain popularity in the tech sector if the SEC approves it. A direct listing is far from the norm, but if this method gains traction, this could spell trouble for the investment banking industry.
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
Otta, one of the latest startups aiming to fix what it sees as a broken job search and recruitment market, has picked up £850,000 in seed funding. Backing the young London company is LocalGlobe, along with a number of U.K. angel investors and founders. The latter includes Paul Forster (co-founder of Indeed), Shakil Khan (an early investor in Spotify), Matt Robinson (co-founder of Nested and GoCardless), Duncan Jennings (founder of VoucherCodes) and Carlos Gonzalez-Cadenas (COO at GoCardless).
"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 […]
Stocks in the entertainment sector could be well-poised for gains as more Americans set out for amusement, vacations and TV time this holiday season.
Taylor Swift’s public battle for control of her master recordings highlights an industry-wide debate, one that most artists don’t have the capital or the platform to influence.
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.
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.