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# Spotify Stock Falls Two Days In A Row As Amazon Expands Free Music, TikTok Streaming Music Launch Nears
- URL: https://www.hypebot.com/spotify-stock-falls-as-amazon-expands-free-music-tiktok-streaming-music-launch-nears/
- Published: 2019-11-19T21:26:10.000Z
- Updated: 2019-11-19T21:31:11.000Z
- Description: [UPDATED] Shares of Spotify stock fell another 2.35% on Tuesday after falling almost 4.8% on Monday after news stories that Tik Tok parent company Bytedance is working to launch a streaming music service in the US and other countries.
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, Spotify, Spotify stock. SPOT, #wp, #wp-post, #Import 2026-01-21 09:55

\[UPDATED\] Shares of Spotify stock fell another 2.35% on Tuesday after falling almost 4.8% on Monday after news stories that Tik Tok parent company Bytedance is working to launch a streaming music service in the US and other countries.

Also fueling the Spotify decline was the announcement that Amazon had expanded its free ad-supported music streaming tier in the US, UK and Germany to everyone, including those that do not subscribe to Amazon Premium.

Spotify stock was trading at $136.97 USD at the end of the day Tuesday with the trend continuing down in after-hours trading.