Spotify’s U.S. Price Increase Welcomed by Investors as Stock Spikes ...Middle East

Shares of Spotify rose as high as $317.00, up 6.8% from the previous day’s closing price, after the company announced Monday (June 3) that it will raise subscription prices in the United States. The stock closed on Monday at $310.80, up 4.7%, bringing its year-to-date gain to 65.4%.  Price increases have done wonders for Spotify’s share price this year. The stock also jumped 8.2% on April 3 after reports surfaced that the company would raise prices in the United Kingdom and Australia, among other markets. Spotify’s 2023 price increases fueled the company’s first-quarter results and drove the stock to its 52-week high o

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