Spotify Stock Slips After Analysts Cast Doubt on Success of Podcast Push

Shares of Spotify took a hit after analysts at Citi downgraded the stock because the audio-streaming giant hasn’t shown “any material benefit” from its $800 million-plus investment in podcasting content and tech. Spotify’s stock price fell more than 5% in morning trading Friday, outpacing smaller declines in the broader market.

Source: Spotify Stock Slips After Analysts Cast Doubt on Success of Podcast Push

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