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Spotify is still bleeding and needs more money at the cash desk for its investments than spending money on buying back its own shares – some companies with large cash surpluses are usually dedicated. Therefore, the measure seems to be strange.
Stefan Lundell of Breakit, a technology news channel, estimates that the launch of $ 1 billion over two years is tied to the large program of options put in place by the company against its employees.
"You need a stock of stocks – that's my theory," he told TT.
The company itself is not very informative about the reason for the program.
The stock has lately would have on the New York Stock Exchange. The repurchase programs can sometimes be used to hedge the share price, which is generally considered attractive to shareholders when the number of shares decreases. But this theory does not believe Stefan Lundell in this case, not in the situation in which Spotify is located.
After the announcement, Spotify's share increased by approximately 2% in the transaction. Spotify's trading closed on Friday at $ 138.9 a share on the New York Stock Exchange.
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