Fairness Rocks News It’s All About the Stock: Tone deaf Spotify Insiders Vote for Stock Buyback to Juice Their Share Price While Congress Questions Streaming Payola — @ArtistRights Watch


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It’s All About the Stock: Tone deaf Spotify Insiders Vote for Stock Buyback to Juice Their Share Price While Congress Questions Streaming Payola — @ArtistRights Watch

Spotify announced a second billion dollar stock buy back last week which means they have $1 billion in free cash that they will spend, not for paying artists, not for paying songwriters, but to juice their stock price and make Spotify insiders and senior employees richer still. Remember that Spotify already did this once before in the pre-pandemic–less than two years ago. That means that the Spotify stock price is already juiced.

Read More: https://musictechpolicy.com/2021/08/24/its-all-about-the-stock-tone-deaf-spotify-insiders-vote-for-stock-buyback-to-juice-their-share-price-while-congress-questions-streaming-payola-artistrights-watch/#comments