The Billboard Global Music Index rose just 0.1% as 13 of its 20 stocks lost ground this week.
Investors were bullish on the streamer's newly announced price increases after previous hikes delivered improved revenue and margins without turning away subscribers.
Music fans and artists were quick to criticise Ek as
Premium subscribers will pay between $1 and $3 dollars more per month, beginning in July.
Spotify should reverse course on its audiobook bundling strategy immediately and find cost savings that don’t decimate the revenue of millions of American songwriters.
Customers are suing the streaming giant over its decision to fully brick the short-lived devices without offering refunds.
His comments come after the streaming giant reported profits of over €1billion The post
"Discontinue it, sure, but to kill its operation is pointless for us
