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Why Spotify Stock Is Going Down Today

TheMotleyFool

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Shares of music streamer Spotify Technology (NYSE: SPOT) are following all the other tech stocks down on Tuesday. Its stock is off 5.1% as of 2:05 p.m. EST -- and maybe that's understandable. But it's still not right.

On the one hand, sure, tech investors look spooked today by a sudden broad-based morning sell-off in tech stocks. And yes, it's also true that Spotify in particular got some bad news, when StreetInsider.com reported that analysts at Atlantic Equities have downgraded the stock to neutral.

Those are valid points -- but consider the counterpoints.

Source Fool.com

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