What Could a New Board Member Mean for Spotify?

What Could a New Board Member Mean for Spotify?

The stock for audio-streaming giant Spotify (NYSE: SPOT) jumped 5% on Feb. 16 following the announcement of its newest board member, Mona Sutphen. Spotify has a history of appointing board members who hint at the future direction of the company. Perhaps the most obvious example was when it appointed Ted Sarandos to the board in 2016.