Spotify stock was worth $76.61 per share when the market closed on December 28th. This means the streaming company’s stock has dropped 68.62 percent since the beginning of the year. Obviously, this raised questions about the share’s path for the upcoming year.
Of course, it’s been a difficult year for a lot of high-profile tech and entertainment stocks including Meta (down 65.85 percent from 2022’s start), Snap (down 81.65 percent), and Netflix (down 53.65 percent). These numbers raise questions from investors about Spotify’s shares outlook in 2023, since it was pretty high at the start of 2022. Certainly, the…
