The music-streaming specialist's stock took a big haircut on worries about a crowded market.
News & Analysis: Spotify Technology
Two analysts upgrade Spotify this week, but -- plot twist -- neither one is bullish on the stock.
There's just one simple indicator for investors to keep an eye on.
Two of the three leading premium music platforms may have more than 30 million premium North American members apiece, but they aren't playing the same tune.
Its revenue growth outpaced the industry thanks to its premium subscriber sign-ups.
Music streaming isn't enough for Spotify to compete profitably and it's looking for new options for revenue.
Management says the company is only in the early phases of its growth.
The company still isn't making money, but it's making progress.
Life as a public company has so far been a rocky one for the audio streaming platform. Since directly listing on the NYSE in April 2018 at $165.90 a share, the stock has had its ups and downs, and is now sitting more than 10% below its opening price.
The streaming service's Spotify for Podcasters platform is now open to everyone.