Spotify to spend $1B buying its own stock | TechCrunch

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Article Fri, Aug 20, 2021
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Spotify today said it will spend up to $1 billion between now and April 21, 2026 to repurchase its own shares. The dollar amount represents just under 2.5% of Spotify’s market cap, with the company valued at $41.06 billion this morning as its shares rose 5.1% following the repurchase news.