Spotify stock slides 7% below $500 — Checkout.com deal and Feb. 10 earnings keep SPOT in focus
Spotify shares fell 6.8% to $473.99 Tuesday, then edged up 0.3% after hours. Checkout.com announced it will handle card payments for Spotify in over 180 countries. Investors are watching for Spotify’s Feb. 10 earnings, after a recent U.S. price hike to $12.99 for Premium. Broader markets also declined, with the Nasdaq down 1.4%.