Mon, Apr 26, 2021 10:07 AM
$120 Mn raised by upGrad from Temasek in first external funding round
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Spotify (NYSE: SPOT) is the world's largest music-streaming platform. It holds a 31% market share, according to Statista, with Tencent sitting in a distant second place at 14%.The stock peaked near $364 in 2021 before collapsing 80% to trade as low as $71 during the tech crash in 2022. It was a reality check for Spotify (and a number of other tech companies).
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Last year is often billed as Meta Platforms (NASDAQ: META) co-founder and CEO Mark Zuckerberg's "year of efficiency." Indeed, it should be billed as such. Meta earnings soared as the company cut expenses and started putting its AI to use to boost productivity (especially for social media ads), and thus earnings.META Revenue (TTM) ChartDespite this boost to Meta's earnings power.
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Google parent Alphabet (GOOG, GOOGL) gained more than 11% in pre-market trading on Friday, following standout quarterly results that beat revenue and earnings estimates and stoked investor excitement with the announcement of a cash dividend program of $0.20 per share.The board of directors also approved stock repurchases of up to an additional $70 billion.
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