Spotify Shares Jump 16% to All-Time High

Spotify’s share price soared 16.1% on Wednesday (Dec. 2) to an all-time high of $330.82, valuing the music subscription service at $62.7 billion. Seemingly immune from the pandemic’s economic woes, Wednesday’s high price marked an incredible run in 2020: $330.82 is a 121.2% gain year to date and 203% higher than 2020’s low of $109.18 on March 16.
Two news items about Spotify were announced Wednesday that could have excited investors. The first was about Wrapped, Spotify&r