Shares of Spotify Technology dropped sharply in early trading Wednesday after its subdued forecast for current quarter paid subscribers overshadowed upbeat first-quarter growth in countries such as the United States and India.
Financial technology, an attractive investment area in the country of nearly 98 million people, has gained more traction during the COVID-19 pandemic, with retail moving online and consumers looking for more contactless payment options.
January 13, 2021
Tech companies such as Apple are also being hit by the chip shortage, but far less severely than automakers.
May 12, 2021