For the first time since 2011, Spotify confirms a price hike for about 200m ad-free subscribers.
  • Kingkhan@lemmy.worldEnglish
    2·
    1 year ago

    What kind of effect would this have the share prices? I guess for Spotify a $1 isn’t super crazy for people to accept, you’d think it’d rise?

    • redcalcium@lemmy.instituteEnglish
      41·
      1 year ago

      At the very least, profitable companies can maintain their valuation. Unlike, say, Twitter valuation which dropped to a third of what Musk pay for because it’s losing even more money after the takeover.