Mar. 24 at 3:12 AM
$SPOT cutting podcast staff — the
$1B+ podcast dream is officially unwinding.
Spotify's dumping headcount from its podcast division after blowing over
$1B on acquisitions (Gimlet, Anchor) and
$200M+ on Rogan alone. Mixed ROI forced the pivot. Now it's cost discipline mode targeting 25%+ gross margins.
Stock at
$492.39, up 3.76% today but still below SMA50 (
$497.61) and SMA20 (
$512.43). RSI 46.19, down 15% YTD. Not out of the woods yet.
👀 Watch for reclaim of
$497 SMA50 as first bull signal. Fade the rip until then.
#SPOT #Spotify #Earnings