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Spotify Share Price Surpasses $700, Reaching New High
Spotify's stock price hit a new high this week, crossing $700 a share on steady subscriber growth and improved margins.
In an up-and-down year for most stocks, Spotify has rewarded investors with consistent subscriber growth and improved margins resulting from layoffs in 2023. Markets finished the week strong after a U.S. jobs report on Friday showed that unemployment remained steady amidst the uncertainty caused by U.S. trade policy. The stock rose 10% on Thursday as the company announced the appointment of deputy CFO Michael McGuinness as iHeartMedia’s principal accounting officer.
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