Spotify stock falls as it rolls out new AI “prompted playlist” tool — what traders watch next
Spotify shares fell about 1.5% to $494.71 Thursday after launching an AI-powered playlist tool for Premium users in the U.S. and Canada. The drop comes as the company prepares to raise U.S. subscription prices by $1 in February. Analysts have trimmed price targets, citing concerns over possible subscriber losses. Investors are watching for Spotify’s quarterly results on Feb. 10.