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Earnings Season Hits OverdriveThere are some surprises for investors: Spotify, Robinhood, and SoFi all dropped after results failed to impress.
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There are some surprises for investors: Spotify, Robinhood, and SoFi all dropped after results failed to impress.
Spotify's share price dropped 14% this week after the company reported first-quarter earnings, and the stock is now down 42% from its all-time high.
The music company behind Lady Gaga and Taylor Swift said revenue for the three months to the end of March grew 8.1% on year at constant currency to 2.90 billion.