Spotify Stock Slides as ByteDance Weighs Music Expansion | 13 October 2022 | Daily Morning Note
Let the Money Talk
English - October 13, 2022 00:41 - 5 minutes - 5.32 MBInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Spotify stock (SPOT) fell nearly 65% year-to-date as investors weighed the company's larger profitability struggles. The audio giant reported second quarter gross margins that disappointed at 24.6%, missing estimates of 25.2%.
—
The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.
This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational.
Subscribe and follow PYTCH Media:
LinkedIn: https://tinyurl.com/YTLinkedIn
Podcast: https://tinyurl.com/YTanchor
Twitter: https://tinyurl.com/twitterYT
Facebook: https://tinyurl.com/FaceBYT
Instagram: https://tinyurl.com/InstaYT
Website: https://tinyurl.com/PYTCHWebYT
Youtube: https://tinyurl.com/PYTCHYoutube
Also available on:
Telegram: https://t.me/GlobalInvestmentsPhillip
Podcast: https://tinyurl.com/YTanchor
PhillipCapital Facebook: https://tinyurl.com/PhillipCaptialFBYT
#PhillipCapital #YourPartnerinFinance #Servingyousince1975 #PYTCH #PYTCHMedia #DailyMorningNote #DailyNews #FinanceNews