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Wall Street CEOs Pull The 'Trump Tariff' Card: Is Macro Fear The New Excuse For Weak Guidance?—Asks Leading Fund Manager
Wednesday, April 30, 2025 - 11:04pm | 568As "macro uncertainty" and President Donald Trump‘s tariffs become the go-to scapegoats for CEOs this earnings season, fund manager Gary Black isn’t buying it. What Happened: On Tuesday, Black posted on X, citing former Chicago Mayor Rahm Emanuel's famous quote, “Never let a good...
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Spotify Pays $100 Million To Podcast Creators, Aiming To Topple YouTube's Reign
Tuesday, April 29, 2025 - 6:25am | 681In a move to challenge YouTube’s dominance in the video podcasting arena, Spotify Technology SA (NYSE:SPOT) has paid out over $100 million to podcast creators and publishers since January. What Happened: Spotify’s hefty payout is part of a 2025 initiative to provide new revenue...
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Netflix, Spotify Can Weather Economic Uncertainty Because Of Subscription-Based Models, Says Jim Cramer: Here's What Their Charts Indicate
Tuesday, March 25, 2025 - 8:14am | 1097Technology companies using a subscription-based business model are more likely to weather economic uncertainty amid the ongoing big-tech selloff, according to CNBC’s Jim Cramer. The charts of both Netflix Inc. (NASDAQ:NFLX) and Spotify Technology SA (NYSE:SPOT) showcase a bullish trend based...
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Cathie Wood Sells Off Spotify Stock As YouTube Clamors For Podcast Crown
Thursday, February 27, 2025 - 9:39pm | 397On Thursday, Cathie Wood’s Ark Invest made a significant trade involving Spotify Technology SA (NYSE:SPOT). The SPOT Trade Ark Invest’s decision to trade Spotify’s shares comes amidst a turbulent time for the music streaming giant. Spotify has recently faced stiff competition from...
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Cathie Wood's Monday Moves: $4.8M Spotify Stock Sale Meets $4.7M Pinterest Shopping Spree
Monday, December 2, 2024 - 10:27pm | 602On Monday, Cathie Wood’s Ark Invest made significant moves in its portfolio, notably involving Spotify Technology SA (NYSE:SPOT) and Pinterest Inc. (NYSE:PINS). The Spotify Trade Ark Invest’s Ark Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW) ETFs...
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Activist Hedge Fund ValueAct Boosts Meta Stake With $121M Bet, But CEO Morfit Supports Mark Zuckerberg's AI Vision: Here's What Investors Should Know (Updated)
Friday, November 15, 2024 - 8:41am | 752Editor’s Note: This story has been updated with a confirmation from ValueAct Holdings. ValueAct Holdings, L.P. reported holdings worth $3.9 billion in the September quarter after it disclosed major changes in its 13F filing for the third quarter of current fiscal. What Happened: One of the...
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MARA Holdings, SoundHound AI, Spotify, Rivian, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Tuesday, November 12, 2024 - 9:36pm | 783On Tuesday, the U.S. stock market ended the day on a lower note, with the Dow Jones index dropping by more than 380 points. The Dow traded down 0.9% to 43,910.98, while the NASDAQ fell slightly by 0.1% to 19,281.40. The S&P 500 also experienced a dip, falling 0.3% to 5,983.99. These are the top...
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Amazon AWS CEO Stands Firm On 5-Day Office Policy — Opponents Can Head For The Exit Door: 'There Are Other Companies Around'
Thursday, October 17, 2024 - 9:15pm | 545Amazon.com Inc’s (NASDAQ:AMZN) AWS unit CEO, Matt Garman, has staunchly defended the company’s contentious new five-day in-office policy, suggesting that those who oppose it may consider other employment options. What Happened: According to a Reuters report on Thursday, Garman...
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Spotify Brings Ed Sheeran, Doja Cat, Ice Spice And Other Music Videos In New Update, But There's A Catch
Wednesday, March 13, 2024 - 7:52am | 588Spotify Technology SA (NYSE:SPOT) has announced the launch of music videos for its premium users in 11 markets, following in the footsteps of rival Alphabet Inc.'s (NASDAQ:GOOG) YouTube Music. What Happened: Spotify’s latest beta version is currently being rolled out in a limited manner and...
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Google's Sundar Pichai's Morning Routine Is Not What You'd Expect, Even Zuck And Nadella Are Fans
Friday, February 9, 2024 - 5:53am | 623Google CEO Sundar Pichai shared his unique morning routine, which sets him apart from other tech executives, in a recent interview with Wired. What Happened: Pichai, unlike many of his peers, doesn’t start his day with a traditional newspaper. Instead, he turns to a niche website called...
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Spotify CEO Slams Apple's 'Alternative App Store' Fee, Says It Will Increase Customer Acquisition Costs Ten Fold: 'New Low Even For Them'
Friday, January 26, 2024 - 11:42pm | 827Spotify Technology SA (NYSE:SPOT) has leveled accusations against Apple Inc. (NASDAQ:AAPL) for allegedly subverting the goals of the European Union's Digital Markets Act (DMA) through its proposed "Alternative App Store" changes. What Happened: Spotify has been calling on the European Commission to...
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Spotify To Bypass Apple's 30% App Store Fee In Europe Via In-App Purchases: Report
Wednesday, January 24, 2024 - 10:42am | 585In a strategic move, Spotify Technology SA (NYSE:SPOT) will allow its European users to make in-app purchases for audiobooks and subscription plans, bypassing Apple Inc. (NASDAQ:AAPL)’s 30% fee on the App Store. What Happened: Spotify will implement this change in March in response to the new...
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Spotify To Layoff 17% Of Workforce: 'Being Lean Is Not Just An Option But A Necessity' Says CEO Daniel Ek
Monday, December 4, 2023 - 4:27am | 522Spotify’s (NYSE:SPOT) CEO, Daniel Ek revealed a major restructuring plan for the company which will result in a workforce reduction of around 17%. What Happened: The announcement came to light earlier today when Ek issued a note to all employees. Ek stressed that for Spotify to grow as a...
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Taylor Swift Tops 2023 Billboard Music Award Finalists With 20 Nominations — You Won't Believe Who She's Beating
Saturday, October 28, 2023 - 9:08am | 481Taylor Swift is leading the pack of finalists for the 2023 Billboard Music Awards with a whopping 20 nominations. The awards ceremony, presented by Marriott Bonvoy, is scheduled for Sunday, Nov. 19, Billboard announced. Swift, who already holds the record for the most wins by a female...
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AI-Powered Playlist Art: YouTube Music Puts You In Control
Thursday, October 26, 2023 - 8:45am | 321Alphabet Inc's (NASDAQ: GOOGL) YouTube Music has introduced a feature allowing users to change the cover art of their playlists. While it doesn't permit the upload of custom images, it provides the option to create custom cover art using generative artificial intelligence (AI), The Verge...