The Spotify logo hangs on the facade of the New York Stock Exchange with U.S. and a Swiss flag as the company lists it's stock with a direct listing in New York, U.S., April 3, 2018. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY
Shares of Spotify Technology SA fell 4% on April 15 after a report said Amazon.com Inc was in talks to launch a free ad-supported music service, which is expected to intensify competition for the music streaming leader.
Amazon would market the free music service through its voice-activated Echo speakers, a Billboard report said on April 12, adding that it could become available as early as this week.
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