Spotify has been spending a lot of money on talk lately. This is in addition to all of the other expenses the company has been facing.
Apple Inc. will launch its new streaming service for Major League Soccer this week with a new approach to TV advertising.
Spotify Technology SA's stock price fell by 2.19% today. Spotify reported strong user growth in its most recent quarter, but the company still posted a loss. This is due to the heavy investment Spotify has made in building up its podcast business. Spotify reported 489 million monthly active users, up 20% from a year earlier. The company highlighted growth in India and Indonesia as a result of marketing campaigns, as well as strength from its eighth annual Wrapped campaign and the holiday season.
The Wall Street Journal report last week suggests that many of Meta's specific issues are being addressed. The company is using artificial-intelligence tools to adapt to Apple's privacy changes, the Journal's report shows, enabling it to make better predictions based on less data. The investments that Facebook and Instagram made seem to be paying off. According to a report from the Wall Street Journal, the two platforms are seeing a 20% increase in the amount of time users are spending on Reels, thanks in part to improvements in artificial intelligence.
U.S. stocks traded lower on Monday, as investors grew cautious ahead of a busy week of central-bank meetings and corporate earnings.