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Is Now the Right Time to Buy Spotify?

TheMotleyFool

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The world's largest audio streaming platform, Spotify (NYSE: SPOT), saw its stock price decline by more than 10% at one point in the last week amid announcements for new audio features from Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB). Since some of these new products are targeted at the podcasting space, investors seem to be worried that the potential added competition could hurt Spotify.

But before Spotify shareholders rush to the exits, it's worth examining whether this is truly important news, or simply investing noise. Let's take a closer look at what was announced and whether it might actually have an effect.

Image source: Spotify.

Source Fool.com

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