- Spotify Technology SA (NYSE:SPOT) has announced the board’s approval to buy back shares up to $1 billion.
- It will begin the share repurchases from Q3 of 2021.
- Last month the Spotify’s stock price fell after reporting weaker ARPU and MAU during Q2.
- Spotify held €3.1 billion in cash and equivalents at the end of Q2 and generated €54 million in operating cash flow.
- Spotify stock has lost 34.8% year-to-date.
- Price Action: SPOT shares are up by 1.13% at $207.40 premarket on the last check Friday.
Here’s How Much $1000 Invested In Advance Auto Parts 20 Years Ago Would Be Worth Today
Advance Auto Parts (NYSE:AAP) has outperformed the market over the past 20 years by 3.92% on an annualized basis producing an average annual return of 11.86%. Currently, Advance Auto Parts has a market capitalization of $9.95 billion.
