1 Unstoppable Stock Up 50% in 2024 to Keep Buying Today
SPOTSpotify(SPOT) The Motley Fool·2024-04-26 17:29

Spotify made some tough decisions after its stock collapsed in 2022, but they're starting to pay off. Spotify (SPOT 2.77%) is the world's largest music-streaming platform. It holds a 31% market share, according to Statista, with Tencent sitting in a distant second place at 14%. The stock peaked near 364in2021beforecollapsing80364 in 2021 before collapsing 80% to trade as low as 71 during the tech crash in 2022. It was a reality check for Spotify (and a number of other tech companies), and it prompted a sharp change in strategy. The ...