Spotify Stock Jumps 15%, Live Nation Shares Also Gain After Q3 Earnings ...Middle East

Spotify is on such a hot streak that the streaming company nearly reached a $100 billion market capitalization this week. After the company’s third-quarter earnings showed cost-cutting has led to record profitability, shares peaked at a new all-time high of $489.69 on Thursday (Nov. 14), briefly putting its market capitalization above $98 billion. However, the stock fell on Friday (Nov. 15) to a final closing price of $458.32, valuing the company at $92.04 billion. While the stock was still up 14.5%, that marked a bit of a letdown from its previous high. During the height of the pandemic, Spotify benefitted from a rus

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Spotify Stock Jumps 15%, Live Nation Shares Also Gain After Q3 Earnings ...Middle East

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