SPOT Remains Lackluster Despite Broader Market Gains—Goldman’s Downgrade, CEO Departure, Streaming Subs Among Possible Culprits

Spotify faces some growing pains, leading to lackluster stock despite more impressive overall market gains. Spotify stock (NYSE: SPOT) is underperforming in October, down 7.6% month-to-date, despite traditionally having been a major gainer during market upsurges. While the drop is nothing drastic, the bigger concern for Spotify is that Wall Street has certainly taken notice. […]