Spotify (SPOT) shares slumped 13% despite reporting an earnings beat, as investor concerns grew over the impact of recent price hikes on subscriber growth. Analysts suggest customers may be reluctant to pay more for streaming in the current economic climate.
Spotify Shares Plunge 13% Despite Earnings Beat on Price Hike Concerns
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SPOTSpotifyEarningsStock DeclineStreaming ServicesConsumer Spending
