Spotify Technology SA (SPOT)

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Spotify Technology SA (SPOT) 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.

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Spotify Technology SA (SPOT) Trading FAQ

Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.

Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.

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