Spotify Technology S.A. (SPOT)

Spotify Technology S.A. (SPOT)


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Spotify Technology SA Profile

Spotify Technology SA (SPOT.xnys) is a Swedish audio streaming and media services provider headquartered in Stockholm, Sweden. Spotify Technology SA offers through its app digital copyright restricted recorded music and podcasts from record labels and media companies. Having raised its premium subscribers from 130 million in 2020 to 158 million in 2021, and with over 356 million monthly total active users, Spotify is the largest music streaming provider on a global scale. Spotify Technology SA is traded on the New York Stock Exchange (NYSE) as a component of the Russell 100 Index, and its current market cap is $47.36B (USD). The disappointment of its users combined with losses in this year’s first quarter resulted in a downfall of its share price. Analysts have continually pushed out the expected date at which SPOT.xnys will break even since Spotify Technology SA has never made an annual profit.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
09:30-16:00
Mon
09:30-16:00
Tue
09:30-16:00
Wed
09:30-16:00
Thu
09:30-16:00
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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