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Spotify

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News

North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags

North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags May 22 (Reuters) - VF Corp VFC.N posted a fourth-quarter loss and reported revenue below analysts' estimates on Wednesday as sales declined across its brands, reflecting choppy demand for its apparel and footwear amid strained consumer spending. Shares of the North Face owner, which have declined 34.5% so far this year, were down nearly 8 % in extended trading.
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Apple challenges $2 bln EU antitrust fine at EU court

Apple challenges $2 bln EU antitrust fine at EU court BRUSSELS, May 22 (Reuters) - Apple AAPL.O has challenged at Europe's second-highest court a 1.84 billion euro ($2 billion) fine imposed by EU antitrust regulators for impeding Spotify SPOT.N and other streaming rivals via restrictions on its App Store, according to a court filing. Apple had already said it would appeal after the European Commission handed down the fine in March, its first ever penalty for infringing EU antitrust rules and the
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Apple Fights €1.8 Billion EU Antitrust Fine For Curbs On Spotify - Bloomberg News

BRIEF-Apple Fights €1.8 Billion EU Antitrust Fine For Curbs On Spotify - Bloomberg News May 21 (Reuters) - Apple Inc AAPL.O : APPLE FIGHTS €1.8 BILLION EU ANTITRUST FINE FOR CURBS ON SPOTIFY - BLOOMBERG NEWS Source text: https://tinyurl.com/nhjd4f9w Further company coverage: AAPL.O
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Spotify sued over millions in allegedly unpaid music royalties

Spotify sued over millions in allegedly unpaid music royalties By Blake Brittain May 17 (Reuters) - Spotify has been hit with a lawsuit in New York federal court that accuses the streaming giant of underpaying songwriting royalties for tens of millions of songs. The lawsuit, filed late Thursday by the royalty-gathering nonprofit Mechanical Licensing Collective, said that Spotify underreported its revenue by nearly half in order to avoid paying millions of dollars that it owes to the group.
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European regulators crack down on Big Tech

FACTBOX-European regulators crack down on Big Tech Updates EU section with probe into Facebook and Instagram May 16 (Reuters) - European regulators have launched a series of probes into Big Tech. In a latest move, Meta's Facebook and Instagram could face hefty fines under the EU's Digital Services Act (DSA) due to concerns they had not adequately addressed risks to children.
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