Spotify shares are trading lower following a report suggesting music publishers filed an FTC complaint against the company for fraudulent business practices.
Portfolio Pulse from Benzinga Newsdesk
Spotify shares are trading lower following a report suggesting music publishers filed an FTC complaint against the company for fraudulent business practices.
June 13, 2024 | 5:53 pm
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NEGATIVE IMPACT
Spotify shares are trading lower due to a report that music publishers have filed an FTC complaint against the company for fraudulent business practices.
The filing of an FTC complaint by music publishers alleging fraudulent business practices is a significant legal issue that could impact Spotify's reputation and financial performance, leading to a short-term decline in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100