Spotify Users Face Trouble Podcasting On Mobile, Desktop; Shares Drop

  • Spotify Technology SA SPOT admitted issues faced by several users while playing podcasts on mobile and desktop.
  • Spotify later tweeted that things looked better and asked users to reach out in case of any problem.
  • Spotify, headquartered in Stockholm, Sweden, is a leading music streaming service provider with over 150 million listeners. The firm monetizes its users through a paid subscription model.
  • Separately, TechCrunch reports that Match Group's MTCH Tinder has partnered with Spotify to launch a new 'Music Mode' feature.
  • Price Action: SPOT shares traded lower by 4.18% at $233 on the last check Thursday.
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