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SPOTIFY TECHNOLOGY

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$SPOT CALMANEW YORK--(BUSINESS WIRE)--Spotify (NYSE: SPOT) today announced that Mona Sutphen will join the Spotify Board of Directors in April of 2021, subject to shareholder approval. Ms. Sutphen is a private equity advisor and a co-founder/advisor for several technology start-ups, and was a senior White House official during the Obama Administration. “Mona has built a career in both the private and public sectors advising leaders on international and U.S. domestic policy, technology, macroeconomics and trade, and human rights...and that’s just the tip of the iceberg,” said Daniel Ek, Spotify Founder, CEO and Chairman of the Board. “Mona will bring a new and highly valuable perspective to the Board as we focus on driving our strategy forward during this time of exceptional change around the world.” “I’m very much looking forward to joining the Spotify Board of Directors,” said Ms. Sutphen. “Spotify has been a revolutionary force and impressive innovator in the audio industry, transforming the content landscape globally. I’m excited to be a part of its continued evolution and expansion.” Ms. Sutphen is currently a Senior Advisor at The Vistria Group, a Chicago-based private equity firm, and is a venture advisor and co-founder of several technology start-ups. Previously, she was a partner at Macro Advisory Partners (MAP), where she led the firm’s U.S. practice advising leading global corporates on emerging risks and opportunities across a range of sectors, including technology platform regulation, market entry strategies, and political dynamics and regulatory risks in the U.S., China and Europe. Prior, Ms. Sutphen was a managing director at UBS AG, where she developed new tools for political risk evaluation impacting capital markets. From 2009 to 2011, she served as White House Deputy Chief of Staff for Policy for President Barack Obama, advancing the administration’s policy and regulatory agenda including on technology policy, and served on the President’s Intelligence Advisory Board from 2013-2016. Ms. Sutphen is an Independent Director for Pattern Energy and a Trustee of Putnam Mutual Funds. She is a member of the Council on Foreign Relations, serves on the Boards of the International Rescue Committee and Human Rights First, and is a Trustee of Mount Holyoke College. The appointment is subject to shareholder approval at Spotify’s Annual General Meeting on April 21, 2021. About Spotify Technology S.A. Spotify is the world’s most popular audio streaming subscription service with a community of more than 345 million Monthly Active Users and 155 million Premium Subscribers. With a presence in 93 markets, and more than 70 million tracks including 2.2 million podcast titles, it has transformed the way people access and enjoy music and podcasts.
NYSE:SPOT
by litongormhel
$SPOT CALMA NEW YORK--(BUSINESS WIRE)--Spotify (NYSE: SPOT) today announced that Mona Sutphen will join the Spotify Board of Directors in April of 2021, subject to shareholder approval. Ms. Sutphen is a private equity advisor and a co-founder/advisor for several technology start-ups and was a senior White House official during the Obama Administration. “Mona has built a career in both the private and public sectors advising leaders on international and U.S. domestic policy, technology, macroeconomics and trade, and human rights...and that’s just the tip of the iceberg,” said Daniel Ek, Spotify Founder, CEO and Chairman of the Board. “Mona will bring a new and highly valuable perspective to the Board as we focus on driving our strategy forward during this time of exceptional change around the world.” “I’m very much looking forward to joining the Spotify Board of Directors,” said Ms. Sutphen. “Spotify has been a revolutionary force and impressive innovator in the audio industry, transforming the content landscape globally. I’m excited to be a part of its continued evolution and expansion.” Ms. Sutphen is currently a Senior Advisor at The Vistria Group, a Chicago-based private equity firm, and is a venture advisor and co-founder of several technology start-ups. Previously, she was a partner at Macro Advisory Partners (MAP), where she led the firm’s U.S. practice advising leading global corporates on emerging risks and opportunities across a range of sectors, including technology platform regulation, market entry strategies, and political dynamics and regulatory risks in the U.S., China and Europe. Prior, Ms. Sutphen was a managing director at UBS AG, where she developed new tools for political risk evaluation impacting capital markets. From 2009 to 2011, she served as White House Deputy Chief of Staff for Policy for President Barack Obama, advancing the administration’s policy and regulatory agenda including on technology policy, and served on the President’s Intelligence Advisory Board from 2013-2016. Ms. Sutphen is an Independent Director for Pattern Energy and a Trustee of Putnam Mutual Funds. She is a member of the Council on Foreign Relations, serves on the Boards of the International Rescue Committee and Human Rights First, and is a Trustee of Mount Holyoke College. The appointment is subject to shareholder approval at Spotify’s Annual General Meeting on April 21, 2021. About Spotify Technology S.A. Spotify is the world’s most popular audio streaming subscription service with a community of more than 345 million Monthly Active Users and 155 million Premium Subscribers. With a presence in 93 markets, and more than 70 million tracks including 2.2 million podcast titles, it has transformed the way people access and enjoy music and podcasts.
NYSE:SPOT
by litongormhel
2
Spotify Set To Rally 20% In The Shorter CycleHi Traders! The chart above shows that the advance in Spotify from its September 2020 low has been taking the shape of the Elliot Wave five-wave impulse sequence, labeled (i)-(ii)-(iii)-(iv)-(v). The sub-waves of wave (iii) is also visible. The price action follows the guideline of alternation quite well, wave (ii) is a sharp and deep correction and wave (iv) unfolded as a shallow and sideway corrective pattern. If this count is correct, impulsive price action above $350.33 will signal wave (iv) is complete and $SPOT is heading higher in wave (v) to complete the impulse sequence. Targets above wave (iii) high and $400/share is plausible in the weeks ahead. What's your view on $SPOT? Let me know in the comment. Thanks for reading! Veejahbee.
NYSE:SPOTLong
by Veejahbee
2
💡$SPOT 🎧ARK now owns over $1,000,000,000 in shares!💰+23%🏌️‍♂️📖 Spotify reported fourth quarter 2020 earnings on Feb, however missed analysts' earnings expectations, sending the stock down 8%. Revenue jumped 17% versus a year ago to $2.58 billion, and net loss was $125 million, or $0.79 per share on an adjusted basis. Analysts were expecting revenue of $2.61 billion and a loss of $0.69 per share. Despite this, Spotify's monthly active users (MAUs) rose 27% year over year to 345 million during the fourth quarter, hitting the top end of its prior guidance for 340-345 million MAUs. Its total number of premium subscribers increased 24% year over year to 155 million, which beat its own forecast for 150-154 million subscribers. Its number of ad-supported MAUs grew 30% to 199 million. Ad revenue rose 29% year over year to 281 million euros ($338 million). Spotify posted a gross margin of 26.5% in the fourth quarter -- up from 24.8% in the third quarter and 25.6% in the prior year quarter -- which surpassed its previous guidance of 24.2%-26.2%. Spotify is clearly growing, just not at the pace that analyst expected What was interesting from the earning report is that 26% of MAUs engaged with podcast content on Spotify, which is up from 23% in the previous quarter. This is pretty impressive given that podcasts were only introduced on Spotify in 2015. Spotify has recently ramped up its focus on Spotify, signing Joe Rogan, Kim Kardishian and Michelle Obama in deals that have cost hundreds of millions of dollars. The podcasting industry will enjoy an estimated compound annual growth rate of 27.5% through 2027, accompanying 17.8% growth for music streaming, according to Grand View Research. Research by MIDiA suggests Spotify now has majority market share in the podcasts industry accounting for 42% of podcast listeners versus 35% with Apple Music. Its worth noting that since the disappointing earring call, Ark Invest has added over 584,000 shares to its ARKK and ARKW ETFs. This was $209,000,000 of shares added. Ark now owns over $1 billion of Spotify stock. Ark is clearly bullish on Spotify. 📈Spotify is currently 16% down from its intra-day high of $370. Interestingly, Spotify's price has been range bound for much of the past 8 months. The gap down has created a double bottom in the most recent price range and price has found support previously at $306 to $308 where price is now. Traders should be careful as there is further support at $292 which price may be attracted too. Price is currently also being supported by a bullish channel which price recently bounced off. It is worth that trend lines and price channels are subjective. Price has recently retraced to the 0.5 Fibonacci level. There is also some hidden bullish RSI divergence - RSI is making lower lows but the price is flat. Should price move higher it may reach the -0.13 price extension, which could see 24% upside. 🔎This is not financial advice. Always do your own research and due diligence. Always wait for directional confirmation before entering a trade.
NYSE:SPOTLong
by zvissss