Spotify Goes Public Signals Shift for Music Industry
Spotify began trading on the New York Stock Exchange after a 22 percent opening gain, highlighting its role in reviving U.S. music sales through paid streaming. The Sweden-born service now reaches 71 million paying subscribers and 159 million MAUs, dominating the global market and shaping industry growth expectations.
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Amazon
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Soundcloud
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Recording Industry Association of America
Paul Verna
eMarketer
Watching for the Market Bottom in a Historic Correction
History shows corrections average a 14.2 percent drop without recession or bear markets. The S&P 500 is 9 percent below its January high as the two month long pullback nears its typical 24 month length. If past patterns hold, a rebound may follow with about a 16.5 percent gain in the three months after corrections end.
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U.S
Strategas Research Partners
S&p 500
Grindr to stop sharing users HIV status data
Grindr will stop sharing HIV status with Apptimize and is reviewing data removal from Localytics after concerns disclosures violated privacy and public health. The move follows Buzzfeed News reporting SINTEF research showing HIV data was shared with GPS, device IDs, and emails. Senators sought clarifications on opt-in consent and third party privacy rules.
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Localytics
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