Some tech companies do not suffer any lockdown caused by the pandemic and one of them is Spotify. Its Q1 earnings could increase but the negative sign was not removed so no dividends will be sent to stockholders. However, speculative investors are enjoying the positive stock price changes week by week. Since May 13 NYSE: SPOT has been soaring by $40 and expected to grow as the revenue might skyrocket because of Joe Rogan’s deal.
The streaming apps may lose their valuable employees by job cuts but the COVID-19 lockdown does not stop users from listening to music and more newbies even install them.