Why Are Spotify Shares Trading Higher Today?

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  • Apple Inc AAPL agreed to take a hit on its dwindling App Store commission by allowing Spotify Technology SA SPOT and Netflix Inc NFLX to process payments beyond its store.
  • Now, subscribers can use external websites for signing up for music, video, and other media apps.
  • Previously, Spotify disclosed that it would take over the 'audio' section within the in-flight entertainment seatback on the global Delta Air Lines Inc DAL flights.
  • Price Action: SPOT shares traded higher by 7.02% at $255 on the last check Thursday.
Posted In: NewsMoversTechTrading IdeasBriefswhy it's moving
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