Spotify slips after not adding as many paid subscribers as hoped (SPOT)

Spotify reported second-quarter earnings Wednesday that beat on revenue but missed analyst expectations for subscriber growth. 
Shares fell 5% in early trading on the news. 
Spotify faces increased competition in audio streaming from companies such as Apple. 
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Shares of Spotify fell as much as 5% early Wednesday when the company reported earnings that showed a larger-than-expected loss and premium-subscription growth on the low end of ex