Spotify shares up on report company plans to raise prices
Publishing timestamp: 2024-04-03 12:39:47
Summary
Spotify shares jumped 6% after Bloomberg reported that the company will raise prices for its premium subscription service in several markets, including the U.S. Spotify will also launch a new basic subscription tier for $11 per month. The price hike is expected to help cover the costs of its audiobook service.
Sentiment: POSITIVE
Keywords: technology, breaking news: technology, spotify technology sa, entertainment, amazon.com inc, business news, stock markets, business, music, apple inc,
Source: https://www.cnbc.com/2024/04/03/spotify-plans-to-raise-prices-report.html