Spotify weighed removing white noise podcasts and redirecting users to “talk” content, which would boost the company’s annual gross profit by EUR 35M, Bloomberg’s Ashley Carman reports, citing an internal document viewed by the publication. “The proposal in question did not come to fruition – we continue to have white noise podcasts on our platform,” a Spotify spokesperson responded via email.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SPOT:
- TipRanks ‘Perfect 10’ List: These 3 Top-Rated Stocks Hit All the Right Marks
- WPP, Spotify enter strategic partnership
- SPOT, TTWO, HEAR: 3 Strong-Buy-Rated Entertainment Stocks Analysts Love
- Target downgraded, Spotify upgraded: Wall Street’s top analyst calls
- Spotify price target raised to $140 from $130 at Loop Capital