Why Spotify's Stock Is Trading Higher Today

Spotify Technology SPOT shares are trading higher Thursday.

The company announced earlier in the week that the Joe Rogan podcast will be exclusively on Spotify in a licensing deal reportedly worth $100 million.

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with over 150 million total listeners.

Spotify shares were trading up 2.98% to $195.48 at time of publication on Thursday. The stock has a 52-week high of $196.75 and a 52-week low of $109.18.

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