![]() Given the massive sums involved with these and other plays (as well as the seemingly slow listenership growth that some podcasts are recording), it’ll be interesting to see how many of Spotify’s more than 365 million monthly active users interact with podcasts during Q3 2021. The decline was widely attributed to the Neil Young controversy even though the cause-effect wasnt as clearcut as the. In my view, Shopify's stock will rebound for the remainder of 2022, as I see SHOP delivering a better-than-expected financial performance for the second half of this year. On the latter fronts, Spotify has continued to make substantial investments in podcasting – including inking a deal with the WWE and a multimillion-dollar contract with Call Her Daddy host Alex Cooper this summer. “The value lies in the machine learning that drives discovery and engagement, the original content from people like Michelle Obama, Kim Kardashian, and Joe Rogan, the data analytics and distribution for artists,” Guardian Fund execs said. ![]() ![]() “In our view, this makes risk/reward in compelling.” Notwithstanding the stock-price falloff that 2021 has brought for Spotify, certain other investors have also maintained that SPOT is poised to enjoy considerable growth in the coming months and years.īack in February, for instance, Amsterdam-headquartered The Guardian Fund predicted that SPOT will be worth a full five times more by 2030 – or north of $1,750 per share based upon the stock’s price at the time of the optimistic forecast. Why It Happened Three strong fundamental trends underlie the recent rebound. He sold the majority of his shares in Facebook for over 1 billion in. Lol already rebounded over 12 close to 2B this morning. But shares have since double-bottomed around the 250 level, and Spotify stock is actually up 10 month-to-date in April. Peter Andreas Thiel is a German-American billionaire entrepreneur, venture capitalist. “When coupled with favorable app trends and a more solid competitive position, we believe Street 2022-2023 revenue and gross profit forecasts appear too conservative,” Patterson indicated. All the news last week Neil Young caused Spotify stock to crash.
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