states or DC are eligible for group life insurance coverage, subject to availability. Only individuals ages 18-54 and who are residents of one of the 50 U.S. ‡ Group life insurance coverage provided through Avibra, Inc. § Depending on the subscription plan, there may be additional steps a user must take to cancel their account which may impact the amount of time it takes to fully close an account.Please see Deposit Account Agreement for details. Please see Advisory Agreement for details. You’ll also bear standard fees and expenses reflected in the pricing of the ETFs, plus fees for various ancillary services charged by Stash and the Custodian. Each type of account is subject to different regulations and limitations. †Stash offers access to investment and banking accounts under each subscription plan.So, podcasts may be sending Spotify’s share price soaring, but it’s about the long-tail community as well as about Michelle Obama and Joe Rogan. The company said yesterday that its Anchor app has been used to create 80% of new podcasts on Spotify this year – and that it’s been used to make 70% of the total catalogue of 1.9m shows. Spotify’s ecosystem for podcast creation is also a part of this. A doubling of the podcast audience on Spotify, and it’s that – plus all the splashy exclusive show deals – that’s delighted the markets. A year later, at the end of September 2020, 22% were listening, which thanks to Spotify’s user growth meant 70.4 million people. While there’s no doubt that the blizzard of artists and listeners sharing their 2020 stats is giving Spotify a big social-media boost, the real story of the company’s Wall Street growth is more likely to be about podcasts.Īt the end of September 2019, 14% of Spotify’s active users – around 34.7 million people – were listening to podcasts on the platform. It’s grown by more than $5bn this week alone, which has led some reports to draw a link with Spotify’s end-of-year Wrapped promotion (which, by the way, went live for artists yesterday). That’s an all-time high as far as we’re aware, and means the company has more than doubled in value since the start of 2020, when it was worth $27.95bn. Tags: Podcasts Spotify Spotify Wrapped stock marketĪs we write the news this morning, Spotify’s share price is sitting at $320.89, giving the company a market cap (valuation) of $60.84bn.
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