It’s been an interesting year on Wall Street for streaming audio darling Spotify.
On April 3, 2018, its first day of trading on NYSE, a $149.01 closing price was seen. Instead of celebrating a successful public offering, Spotify’s top brass have seen dramatic ups and downs over the last 12 months.
Now comes word that a possible rival is on the way, which send SPOT down sharply in Monday’s trading.
