Spotify Stock Surges on Report It Plans Price Hikes, Subscription Plan Changes

KEY TAKEAWAYS Spotify is reportedly boosting prices and making changes to its subscription plans.Bloomberg said the price hikes will go into effect in five countries this month, and in the U.S. later this year.Sources indicate the streaming audio service will also offer a new basic tier that won't include audiobooks. Spotify Technology (SPOT) shares rose to their highest level since Nov. 2021 on Wednesday following a report that the streaming audio provider will be boosting prices several key markets and ch ...