Spotify’s first earnings report as a public company disappointed Wall Street, despite being in line with its previous forecast. The music-streaming firm said Wednesday it had an operating loss of 41 million euros ($49 million) on 1.139 billion euros in revenue in the first quarter, compared with analyst estimates of a 65 million euro operating loss on 1.15 billion euros in revenue. Spotify also...
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The Briefing Enterprise Markets
Twitter’s New CEO Gets Thumbs-Down From Wall Street
It seems Jack Dorsey’s abrupt departure as CEO of Twitter was welcome news to the company’s long-suffering shareholders—until it wasn’t. A 10% uplift in Twitter shares that was triggered by the initial headline evaporated shortly after Twitter identified his successor as Chief Technology Officer Parag Agrawal. Talk about going from the devil you know to the one you don’t! Twitter shares ended...
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