Spotify Technology SA
Peloton experiences significant decline, drop in income as the business grinds through its turnaround plan
A person walks earlier a Peloton retail store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Photos Peloton on Thursday documented widening losses and slumping gross sales in its fiscal fourth quarter as the related health gear maker tries to win again traders with cost cuts and strategic shifts. Shares declined […]
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Peloton strikes a deal to sell fitness equipment and apparel on Amazon
Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic highs and its stock price plunges. In its first foray outside of its core direct-to-consumer business, Peloton starting Wednesday will be hawking a selection of its connected-fitness equipment and […]
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As most streaming stocks struggle, Spotify stands out as a subscription success story
Spotify does not deserve the same treatment as other streaming companies, according to a growing number of people on Wall Street. “I think that is the most interesting name that people have completely written off,” LightShed Partners’ Rich Greenfield said last week on CNBC’s ” Squawk Box .” Shares of the streaming company are down […]
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Stocks making the biggest moves midday: Chipotle, Microsoft, Spotify, Alphabet and more
Signage is displayed outside a Chipotle Mexican Grill Inc. restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. Chipotle is scheduled to release earnings figures on July 22. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Chipotle Mexican Grill– Shares of Chipotle surged more […]
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Spotify pops on revenue beat, subscriber growth
Daniel Ek, chief executive officer and co-founder of Spotify AB, stands for a photograph after a news conference in Tokyo, Japan, on Thursday, Sept. 29, 2016. Akio Kon | Bloomberg | Getty Images Spotify shares popped more than 14% on Wednesday after the company reported second-quarter 2022 earnings that beat analyst expectations on revenue and […]
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Stocks making the biggest moves premarket: Boeing, Hilton, Spotify, Garmin and more
Check out the companies making headlines before the bell: Boeing (BA) – Boeing posted a wider-than-expected quarterly loss with revenue that fell below consensus estimates. However, Boeing reported positive operating cash flow and, unlike in prior quarters, did not see any charges related to the production of its 737 MAX jet. Boeing jumped 4.4% in […]
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Apple Music subscribers are getting access to exclusive content from artists like Carrie Underwood
As Apple seeks to bolster its subscription service to compete with Spotify, the company is adding exclusive performances from artists, who will be able to use Apple’s studios to cover classics and recreate their own hits. On Friday, the company introduced Apple Music Sessions, featuring content from singers including Carrie Underwood and Tenille Townes. Both […]
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Spotify buying Heardle, the Wordle-inspired music game
Onur Dogman | LightRocket | Getty Images Spotify announced Tuesday it’s acquiring Heardle, a music recognition trivia game that’s shot up in popularity in the past year, for an undisclosed amount. The deal will push Spotify further into its mission to become a more interactive app, as it invests in video, livestreaming and podcasts in […]
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Inflation and recession fears are squeezing some industries more than others
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images People still appear willing to shell out to travel, go to the movies and have a drink […]
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Spotify is slowing hiring by 25%, CEO says
Drew Angerer / Getty Images Spotify is slowing hiring by 25%, CEO Daniel Ek said in an email to employees on Wednesday. It’s the latest signal that companies across tech, many of which grew significantly over the early stages of the pandemic, are cutting back on staff growth as economic uncertainty looms. While job growth […]
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