Down 40%, Is Now the Time to Buy Spotify Stock?
Over the recent weeks and months, a lot of high-growth and historically unprofitable companies have seen their stock prices take quite the hit. This is especially true for any stock owned by Ark Invest, the popular investment management company founded by Cathie Wood. Spotify Technology (NYSE: SPOT) is no exception to this trend. The Swedish audio streamer's shares are down 40% from all-time highs, even though the underlying business is still humming along just fine. Is now the time to buy Spotify, with shares trading at a discount? Let's take a look.
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Source Fool.com
