Spotify shares jump on bullish outlook as more users tune in

FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid

STOCKHOLM/LOS ANGELES (Reuters) - Spotify Technology SA told investors Tuesday it would tighten spending and work to become efficient after a year of investments in technology and content.

Chief Executive Daniel Ek said the "macro environment" changed dramatically over the course of last year, setting the stage for belt-tightening.