20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Spotify Technology S.A. (NYSE:SPOT) has withdrawn tens of thousands of songs from artificial intelligence music start-up Boomy amid objections of fraud across streaming services.
- Spotify recently took down about 7% of the tracks from Boomy uploads, the equivalent of "tens of thousands" of songs, Financial Times reports.
- Universal Music Group (OTC:UMGNF) (OTC:UNVGY) had flagged suspicious streaming activity on Boomy tracks to all the leading streaming platforms.
- Spotify removed the Boomy songs due to suspected "artificial streaming": online bots posing as human listeners to inflate the audience numbers for certain songs.
- The crackdown follows music industry power broker Lucian Grainge's rant against the proliferation of songs on platforms like Spotify.
- Boomy at the weekend resumed submitting new tracks to Spotify. The two sides are bargaining over reinstating the rest of Boomy's catalog.
- Boomy allows users to choose various styles or descriptors to create a machine-generated track. Users can then release the music to streaming services, where they will generate royalty payments.
- Price Action: SPOT shares traded lower by 0.37% at $144 premarket on the last check Tuesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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