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Spotify Stock Is Set to Explode

If Spotify's growth continues, this could be a great stock as costs get under control.

By Travis Hoium – Jun 12, 2023 at 11:30AM EST

Spotify (SPOT 2.68%) has announced another round of layoffs, but there's a clear reason for it right now. The company is getting lean and solidifying its position in podcasts. Travis Hoium discusses the latest in this video. 

*Stock prices used were end-of-day prices of June 7, 2023. The video was published on June 8, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Spotify Technology. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Spotify Technology Stock Quote
Spotify Technology
NYSE: SPOT
$530.26
(-2.68%)-$14.62

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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