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SPOT Jan 2024 75.000 put
| Previous close | 0.1000 |
| Open | 0.1000 |
| Bid | 0.0000 |
| Ask | 0.0500 |
| Strike | 75.00 |
| Expiry date | 2024-01-19 |
| Day's range | 0.1000 - 0.1000 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.4k |
- Yahoo Finance Video
Why Spotify may be 'done' with job cuts
Streaming music company Spotify (SPOT) it is laying off 17% of staff. Citi Managing Director Jason Bazinet, who recently downgraded the stock to "Neutral" from "Buy," joins Yahoo Finance Live to discuss the cuts. Bazinet says that in order to for him to reverse his call, he would need to see “more achievable” sell-side estimates. In terms of cutting costs, Bazinet states plainly that in terms of cost-cutting “we’re sort of done with that” referring to the recent company lay-offs, pointing out that most of the costs for Spotify comes from content. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Spotify cuts 17% of staff in third round of layoffs this year
Spotify (SPOT) laid off 17% off its staff on Monday in a bid to reduce costs and boost margins, sending shares surging. Yahoo Finance anchors Rachelle Akuffo and Akiko Fujita break down the latest development with the company and how it will affect the business going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
ZacksZacks Investment Ideas feature highlights: Royal Caribbean Cruises, Spotify and Coinbase
Royal Caribbean Cruises, Spotify and Coinbase have been highlighted in this Investment Ideas article.
