Spotify shares fall on report Amazon in talks to launch ad-supported music offering

Spotify shares fall on report Amazon in talks to launch ad-supported music offering

5 years ago
Anonymous $9jpehmcKty

https://www.reuters.com/article/us-spotify-tech-stocks-amazon-com/spotify-shares-fall-on-report-amazon-in-talks-to-launch-ad-supported-music-offering-idUSKCN1RR1O1

Shares of Spotify Technology SA fell 4 percent on Monday after a report said Amazon.com Inc was in talks to launch a free ad-supported music service, which is expected to intensify competition for the music streaming leader.

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