Spotify Stock Slides as ByteDance Weighs Music Expansion | 13 October 2022 | Daily Morning Note

Let the Money Talk · Oct 13, 2022 · 5m

Spotify stock (SPOT) fell nearly 65% year-to-date as investors weighed the company's larger profitability struggles. The audio giant reported second quarter gross margins that disappointed at 24.6%, missing estimates of 25.2%.

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