A year-in review of the stock & music listening
00:00 Allie
Now Josh, I know you’re not a Spotify guy, you’re an Apple music. We’ll we’ll dig into the wrapped in a little bit, but you were just talking about the strength of Spotify shares.
00:02 Josh
No, that’s correct.
00:05 Allie
The stock is up more than 20% since the start of the year. I will say we’re significantly off the highs that we saw earlier this year. We have shares trading around 556 bucks, but earlier this year we saw as high as 775. So, a bit of choppy trade there still outperforming the S&P 500. and this comes as investors are really focusing in on price hikes, a leaner cost structure and AI product innovation. Earnings have really reinforced a lot of that momentum with beats across…
