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.
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