Spotify, heading towards a $50bn market cap, is worth double what it was 3 months ago

Podcasts on Spotify do not spell great news for artists and record labels. They do, however, spell great news for Spotify shareholders. After a series of share price bumps on Wall Street related to Spotify’s podcasting efforts in recent months, the streaming audio company has closed today (June 23) on the New York Stock Exchange with an all-time high $44.96bn market cap valuation, thanks to a $241.76 share price…

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