170.3000 -0.21 (-0.12%)
After hours: 4:01PM EDT
|Bid||170.0100 x 800|
|Ask||170.0800 x 800|
|Day's Range||166.0000 - 180.0000|
|52 Week Range||135.5100 - 182.4500|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||158.32|
Streaming services offer more music and far better tools to find and play it. Which streaming service should you use, though? For starters, there are many players in the music-streaming space, yet only four true contenders exist: Spotify, Apple Music, Amazon Music and Google’s new YouTube Music.
As the internet changes how we eat, shop and do things, technology companies have become a larger presence and influence at the Cannes Lions International Festival of Creativity. Facebook, Google, Snapchat, Spotify and other tech companies sponsored beaches and events are a symbol of tech's increasing influence and disruption of the the advertising and media industries.
A few big-name companies have grabbed the lion's share of the IPO limelight so far this year, including major tech players Spotify (SPOT) and Dropbox (DBX). Meanwhile, some investors might have missed just how busy 2018 has been, in fact, June could end up being the busiest month of initial public offerings in three years.
On June 29, Billboard is changing its formula that determines how songs place on the Hot 100 charts. Here's how these new rules may influence the types of songs that top the charts. Photo composite: Heidi ...
Shares of Spotify Technology SA (spot) rose 1.8% in Thursday trading, closing at $179.53, a new record for the music-streaming company. Macquarie analyst Amy Yong initiated coverage of the stock with an outperform rating and $225 price target, the highest target listed on FactSet. "We believe Spotify can hit its 30-35% long-term gross margin goal by '22 as a result of its content relationships and as operating leverage kicks in," Yong wrote.
I scoffed at Spotify Technology when it went public in early April. I only bought the shares when the stock revisited it's previous lows in early May when TheStreet's founder Jim Cramer mentioned in passing how much he liked the service.
Spotify is the leading music streaming service provider, ahead of Apple Music. It has 75 million paid subscribers compared to Apple’s 40 million. Many have compared Spotify to video streaming giant Netflix (NFLX).
The star couple just released their first joint album, months after Jay-Z admitted in an interview he cheated on BeyoncéJay-Z and Beyoncé have leveraged their experience with infidelity in their chart-topping music. Has a couple ever made as much money after an affair as Jay-Z and Beyoncé? The couple surprised fans Saturday with the release of their first joint album, “Everything Is Love,” and the new music is another example of how the duo has made a cottage industry out of marital strife.
Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET.
Two researchers found that being added to the “Today’s Top Hits” Spotify playlist is worth somewhere between $116,000 to $163,000 for the featured artist.
Beyoncé and Jay-Z have made their new album available for streaming across all major music services—as long as listeners are paying for it. The husband-and-wife duo, who are currently on tour together, dropped the surprise album, “Everything Is Love,” Saturday evening together as “The Carters.” When announcing the album on social media, Beyoncé said it would be available exclusively on the music-streaming service Tidal, of which the pop star and the rapper are partial owners. Spotify, the world’s No. 1 music streaming service, has 170 million active users, 75 million of whom pay.
Getting on certain playlists can lead to a major windfall for musiciansPlaylists are major drivers of listener traffic on streaming platforms like Spotify. While streaming platforms have opened up access to a much wider array of music for listeners, they still exercise a great deal of influence over what exactly consumers listen to. On the surface, services like Spotify (SPOT), Pandora (XNYS:P) and Apple Music (AAPL) have leveled the playing field for musicians seeking audiences by virtue of the sheer amount of music they provide access to.
Investors and analysts are pumping up the music streaming giant as the next Netflix, Inc. (NASDAQ:NFLX). Spotify will never have the one thing that put Netflix over the hump — original content. All in all, Spotify stock just doesn’t make any sense to me trading above $170.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Thursday.
Let's check out the Yahoo Finance charts of the day. Nike (NKE): Shares are down in early trade, at around .22%. Nike was downgraded to "neutral" from "buy" with UBS saying it has a long-term bullish view on the athletic footwear and apparel maker. UBS also stated that the market has a similar view and the upbeat outlook is already priced into the stock. Spotify (SPOT): Shares up here, around 2.44%. In new coverage, Macquarie starts the music streaming service at "outperform" saying the evolution of the mobile digital market positions Spotify for years of growth. Shire (SHPG): Shares up here, at around .75%. The rare disease expert revealed that the FDA granted approval to make its Cinryze (SIN-RISE) drug available to children aged six and over. The drug has been approved for use by adults in the U.S. since 2008. For more on today's big stock movers check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.
BUT - up today is Netflix -yes the stock that won't go down, today GBH Insights raises its price target to $500 from $400 for Netflix shares. Street high. Piper Jaffray ups price target to $420 from $367, citing potential upside for Q2 international subs - Dan the stock is up an astounding 110% this year - when do we start talking bubble territory for this stock? --
YouTube Global Head of Music Lyer Cohen discusses music streaming, advertising and what differentiates YouTube from the competition.
Jay-Z and Beyonce's new joint album is now available on streaming services other than Tidal...But only to paid subscribers. Yahoo Finance's Seana Smith, Rick Newman, Ethan Wolff-Mann and David Pogue discuss.