Variety reports: “Aiming to boost its flagging stock price, Spotify announced a plan Monday to repurchase up to $1 billion worth of shares. On news of the stock-buyback program, Spotify shares rose 2.3% in pre-market trading. The move comes after the music streamer reported third-quarter 2018 results on Nov. 1, with paid subscribers increasing 40% to 87 million worldwide.”

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