They say Spotify didn’t provide explanation of how they chose who to terminate. The majority of members in the Parcast union’s Diversity, Equity, Inclusion and Accessibility Committee were terminated, the workers said. The most optimistic SPOT stock forecast suggested it could even rise 202 to 300 over this period, with even the most pessimistic pencilling in an 11 increase to 110. The union members said the laid-off employees were given as little as an hour to wrap up their work and that listeners have not been provided any explanation for their shows’ cancellation. Their consensus Spotify share price forecast was that the price could more than double to 201.75 over the coming year. The union is asking Spotify to allow affected employees to take their contacts, sources and unfinished work with them. This was despite a weakening USD against the EUR which had a big impact on revenue. Q4 2020 sales increased by 17, and it was up 14 in the quarter before that. Price trends tend to persist, so its worth looking at them when it comes to a share like Spotify Technology SA. Revenue is up 2.38 times in just four years, with the last quarter seeing revenue grow again by 16 year on year to 2.5 billion.
The Parcast and Gimlet employees are organized through the Writers Guild of America, East. An important predictor of whether a stock price will go up is its track record of momentum. Spotify recently announced price increases in some of its mature European and North American markets. But the company now seems to be in a period of retrenchment.
The music streaming giant has made a big push into podcasting in recent years, acquiring studios and launching new shows. Roblox and Discord sued over girl’s sexual and financial exploitation
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