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MARKETS LIVE BLOG:

STOCK FUTURES SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Today’s Research Reports on Stocks to Watch: Spotify and Pandora

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / May 11, 2018 / Spotify made headlines on Thursday after it was revealed that the streaming service company has removed R. Kelly from its playlists as part of its "hate content" policy. Shares saw an increase after the news and closed up over 5%. Pandora shares were in the red on Thursday after rallying since the start of the month when it reported first quarter earnings.

RDI Initiates Coverage on:

Spotify Technology S.A.
https://rdinvesting.com/news/?ticker=SPOT

Pandora Media, Inc.
https://rdinvesting.com/news/?ticker=P

Spotify Technology S.A. shares closed up 5.37% yesterday on about 3.6 million shares traded. In a report from TechCrunch, it was revealed that Spotify has removed artist R. Kelly from its playlists as part of a "hate content" policy. Rapper XXXTentacion has also been removed. The world's largest music streaming service, with 75 million paid subscribers, said, "We don’t censor content because of an artist's or creator's behavior, but we want our editorial decisions — what we choose to program — to reflect our values. When an artist or creator does something that is especially harmful or hateful (for example, violence against children and sexual violence), it may affect the ways we work with or support that artist or creator." It was last summer that it was reported that R. Kelly was allegedly keeping young women in a "cult" type atmosphere. R. Kelly's management stated, "Mr. Kelly for 30 years has sung songs about his love and passion for women. He is innocent of the false and hurtful accusations in the ongoing smear campaign against him, waged by enemies seeking a payoff."

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Access RDI's Spotify Technology S.A. Research Report at:
https://rdinvesting.com/news/?ticker=SPOT

Pandora Media, Inc. shares closed down 4.53% on about 11.2 million shares traded on Thursday. The streaming music provider reported first-quarter 2018 earnings earlier in the month. For the quarter, Pandora reported an adjusted loss of 27 cents per share. This was better than the loss of 37 cents that analysts had been expecting. It was unfortunately 3 cents wider than the 24 cents from the year ago quarter. Revenues at $319.2 million was also higher than the $304 million that analysts expected. It was also during the first quarter that Pandora said it acquired AdsWizz, a leading global technology provider of advertising solutions for the digital radio and audio industries. The company also announced a partnership with smart link aggregator Linkfire to assist listeners with music discovery. Since reporting its first quarter results on May 3rd, shares of Pandora have seen gains of nearly 25%.

Access RDI's Pandora Media, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=P

Our Actionable Research on Spotify Technology S.A. (NYSE: SPOT) and Pandora Media, Inc. (NYSE: P) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com