Spotify Recovers After 3-Hour Outage Impacting Thousands of Users
Portfolio Pulse from Anusuya Lahiri
Spotify experienced a three-hour outage affecting over 40,000 users, but service was restored. Despite the disruption, Spotify's stock showed a slight increase. The company continues to see growth in its user base and expects Q3 revenue of $4.31 billion.
September 30, 2024 | 2:08 pm
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Spotify experienced a service outage affecting over 40,000 users, but quickly resolved the issue. Despite the disruption, Spotify's stock price increased slightly, indicating investor confidence. The company continues to show strong user growth and expects Q3 revenue of $4.31 billion.
The outage was resolved quickly, minimizing potential negative impact. The stock price increase suggests investor confidence remains strong. Additionally, Spotify's continued user growth and revenue expectations support a positive outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100