Ilya S. Savenok/Getty Images for Spotify Founder and Chief Executive Officer of Spotify Daniel Ek speaks onstage during Spotify Investor Day at Spring Studios on March 15, 2018 in New York City. Spotify stock fell as much as 12.9% to $256.84 on Wednesday (April 28) after the streaming service decreased its forecasted listener count for the end of 2021. Share prices ended the day down 12.3% at $256.84. The considerable drop followed Spotify’s first quarter 2021 earnings report, a mix of encouraging trends and subtle misses. The company’s guidance for end-of-year listeners, referred to as monthly average listeners, decreased by a mere 5 million -- from a range of 407 million to 427 million down to 402 million to 427 million.