Spotify Greenroom App Launched to Compete With Clubhouse and Twitter Spaces

Spotify Decided To Spend $1B To Repurchase its Own Stock

Spotify Decided To Spend $1B To Repurchase its Own Stock

The world’s largest music streaming app Spotify has decided to spend $1 billion to buy back its stocks by mid-April 2026.

Current total value of around $41.06 billion.

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Notable Silicon Valley companies have followed this trend in the past. Microsoft, Apple and Alphabet are among the most well-known companies that have bought their shares of their profits in order to take back ownership of the companies.

Stocks of the Swedish audio streaming company are valued at $215.84 each, while shares of the same public company have traded at $387.44 in the past 12 months.

As long as the current stock price is correct, the decision to buy Spotify makes perfect sense.

Also Read: Spotify Greenroom App Launched to Compete With Clubhouse and Twitter Spaces

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