Spotify shares fell as much as 5.1% in pre-market trading on Wednesday after the music streaming company reported slightly slower subscriber growth than investors had hoped.
Browsing: Daniel Ek
Spotify has labelled Apple a “monopolist” as the competition row between the music streaming service and the technology giant continues.
Spotify has submitted a complaint against Apple to the European Commission arguing that the iPhone maker gives itself an unfair advantage by charging digital app rivals a 30% “tax” on purchases made through iOS.
It took more than three hours on Tuesday morning to get Spotify trading publicly, in a stock sale as unorthodox as streaming digital music once seemed. Spotify Technology’s shares – sold via a direct
Spotify will begin trading on the New York Stock Exchange on 3 April, just a week after the company plans to provide its most recent annual financial guidance.
The music-streaming subscription service