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Spotify Stock Tanks 12% After Earnings Miss—Streaming Giant’s Growth Story Hits a Sour Note
Spotify Stock Tanks 12% After Earnings Miss—Streaming Giant’s Growth Story Hits a Sour Note
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Another 'growth' tech darling stumbles out of earnings season.
Spotify just served investors a lukewarm plate of reality—missing revenue targets and offering guidance that made analysts reach for the mute button. The stock plunged double-digits in premarket as the music streamer's 'expansion at all costs' narrative hits its first major dissonant chord.
Key Takeaways:
- Subscriber growth slowing despite podcast bets
- Operating losses wider than Street expected
- Management's 'optimism' sounds suspiciously like backtracking
Wall Street's patience for cash-burning tech plays wears thinner by the quarter—maybe those crypto bros were onto something with their 'number go up' business models after all.
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