Shares of music-streaming service Spotify (SPOT) have been retreating rapidly of late, thanks in part to the broader weakness in streaming. Though Spotify has attempted to distance itself from the fallen video-streaming company Netflix (NFLX), investors have just lost faith in the Swedish-based firm. The stock now finds itself down around 76% from its all-time high of around $364 per share. On Monday, the stock fell below $100 per share for the first time and is now under $94. Though the valuation makes more sense today than it did a few months ago, Spotify doesn't really have many catalysts going for it.
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Spotify Technology (NYSE:SPOT)
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