Spotify Technology SA (SPOT) Stock

Stock splits have been in vogue recently. Large technology companies like Amazon, Alphabet, Nvidia, and Tesla have split their stocks after seeing their share prices get close to $1,000 or more.

Spotify will no longer allow developers building third-party apps with its Web API to access several features within the music streaming platform, such as song and artist recommendations, the company announced in a developer blog post on Wednesday. The company appears to be limiting third-party developers from building AI apps using data from Spotify listeners.

Giants in digital entertainment, technology and retail take focus in today's Big 3. Jessica Inskip explains her bullishness on all three names while Rick Ducat breaks down the technical trends.

Andy Swan with @LikeFolio says he's astounded with Spotify's (SPOT) monstrous growth in the digital entertainment space. According to him, the company's recent adjustments thrust it into the "stratosphere" with its biggest competitors like Alphabet's (GOOGL) YouTube.

Spotify stock just set a fresh record high, and it's starting to look a little pricey.

Why Is Spotify Stock Soaring, and Is It Still a Buy?

Able to appease investor sentiment toward its compelling growth narrative, Spotify Technology (SPOT) shares have rallied more than +15% since reporting Q3 results on Tuesday.

Spotify is going after YouTube's video podcast dominance with a new revenue program for creators. It will soon share revenue with creators based on how much their videos are viewed.

Spotify announced on Wednesday that it will start paying podcast hosts who make popular videos on its streaming platform, as the company looks to take on YouTube's dominance in the video podcast space. Although creators can already monetize their podcasts on the platform, they are now being incentivized to publish a video component alongside their podcasts.