Spotify Technology SA (SPOT) Stock

Recently, stock splits have become popular. Major tech firms such as Amazon, Alphabet, Nvidia, and Tesla have decided to split their stocks as their share prices approached $1,000 or higher.

Spotify has announced that it will restrict developers of third-party apps from using certain features of its Web API, including song and artist recommendations. This change seems to be aimed at preventing developers from creating AI applications that utilize data from Spotify users. The update was shared in a blog post for developers on Wednesday.

Today's Big 3 highlights major players in digital entertainment, technology, and retail. Jessica Inskip shares her positive outlook on all three companies, while Rick Ducat analyzes the technical trends.

Andy Swan from @LikeFolio is amazed by Spotify's huge growth in the digital entertainment industry. He believes that the company's recent changes have propelled it into the "stratosphere," putting it on par with major rivals like Alphabet's YouTube.

Spotify's stock has reached a new all-time high, and it seems to be getting a bit expensive.

Why is Spotify's stock price rising, and is it still a good investment?

Spotify Technology (SPOT) has seen its shares rise over 15% since it announced its Q3 results on Tuesday, successfully calming investor concerns about its strong growth story.

Spotify is aiming to compete with YouTube's leading position in video podcasts by introducing a new revenue program for creators. Soon, it will distribute earnings to creators depending on the number of views their videos receive.

On Wednesday, Spotify revealed that it will begin compensating podcast hosts who create popular videos on its platform, aiming to compete with YouTube's strong presence in the video podcast market. While creators can already earn money from their podcasts, they are now encouraged to add a video element to their content.