UPDATE: Spotify [NYSE:SPOT] Ends Day Down 5.66%
UPDATED: Spotify stock began trading Thursday at $151.43, 11% lower than its $170 Wednesday close, after the streamer missed revenue estimates Wall Street analysts. The stock ended trading on Thursday down 5.66% at $160.38.
Spotify's weaker earnings come amid increased competition and solid, but not inspiring, user growth.
Read more and our full analysis here.