Spotify Discontinues Car Thing Device, Shifts Focus to New User Features - Spotify Technology (NYSE:SPOT) benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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TECH NEWS : YouTube has begun widely rolling out its new AI-powered "Jump Ahead" feature to Premium subscribers. The feature, which was first tested in March, allows users to skip to the most popular parts of a video based on watch data and machine learning.
Daniel Ek, the co-founder of Spotify Technology SA (NYSE:SPOT), has recently sold 650,000 company shares through two transactions, marking a significant increase in stock sales compared to previous years. The series of sales, valued at about $179 million, represents Ek’s strategic financial planning despite still holding a 7% stake in Spotify, a significant component of his $4.4 billion net worth. Spotify’s stock has risen significantly, increasing by 267% since late 2022, according to Bloomberg
First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.
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Telegram has introduced a range of business features including quick replies, greeting messages, and chatbot support, aimed at improving customer interaction and service.
Encouraging app download and search query trends suggest Spotify is on track to meet MAU and Premium Subscriber targets, with potential for mid- to high-teens growth and improved margins, despite investor skepticism about sustained revenue growth