Reading these observations about Spotify, which went public on the NYSE in 2018, might conjure visions of millions of amateur investors gritting their teeth as their bet on audio streaming’s biggest company shows signs of paying off … and then not paying off … and then paying off again. That market cap recovered, at year end, to $27.57 billion ($149.55 per share, December 31st).
Last year saw Spotify’s public valuation on the New York Stock Exchange rise as high as $28.34 billion ($157.66 per share on August 8th) but sink as low as $19.65 billion ( $112.52 per share, October 1st) during a tempestuous third quarter. Long-term investors in Spotify required nerves of steel in 2019.
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