TikTok’s Streaming Loss Is Spotify’s Gain — SPOT Cracks a Record High Following TikTok Music Shutdown Announcement

TikTok’s music streaming loss is evidently Spotify’s gain, as the latter’s stock price today hit a record high before finishing at what appears to be its largest-ever closing value. TikTok Music’s shutdown plans entered the media spotlight yesterday with a confirmation that the standalone app, having only launched in 2023, would cease operating in November. As […]