Stock Movers Amazon Drops, Spotify Tumbles, UPS Falls in Pullback from Amazon
Apr 29, 2025
Amazon's stock takes a hit as the White House calls its tariff pricing display a 'hostile' act. Meanwhile, Spotify faces a surprising downturn despite gaining more subscribers, with profit margins affected by hefty payroll taxes. UPS plans to cut 20,000 jobs and close facilities, mainly due to declining shipments from Amazon. The podcast dives into these significant market shifts and their implications for the future.
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Amazon's Tariff Display Controversy Impact
- Amazon faced stock volatility after reports of displaying tariffs on prices were called "hostile" by the White House. - UBS cut Amazon's target price but kept a buy rating, showing mixed market sentiment.
Spotify's Profit Miss Amid Subscriber Surge
- Spotify's shares tumbled despite strong subscriber growth exceeding expectations. - Operating profit missed estimates due to €76 million in social charges related to payroll taxes.
Spotify's Growth Strategy and Stock Resilience
- Spotify's subscriber count reached 268 million, a 12% increase, aided by its expansion into podcasts and audiobooks. - The company raised subscriber fees, contributing to a 25% year-to-date stock gain despite recent pressure.