Why Spotify Stock Dropped 14% in September
Shares of Spotify Technology (NYSE: SPOT) lost 14% in value last month, according to data provided by S&P Global Market Intelligence. Investors became concerned when word got out that Apple (NASDAQ: AAPL) was going to bundle some of its most popular services, including Apple Music, together under one payment plan called Apple One. Analysts believe it will help Apple further grow its services business, which could increase consumer adoption of Apple Music, while taking market share away from Spotify.
