Spotify Stock Downgraded by Citi, as Podcast Competition Heats Up
Spotify shares sank 7.4% to $317.10 on Friday (Jan. 15) after a Citi analyst downgraded the stock after concluding that the streaming service’s podcasts have not had a positive impact on subscriber growth. The price recovered slightly over the day and closed at $317.81. Citi analyst Jason Bazinet believes Spotify is the only one of […]