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The Ripple Effect, Citi’s CFO on Earnings, and “All Bulled Up” 7/14/23

The Exchange

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Spotify: Bottom Line Discipline Versus Top Line Growth

Spotify shares have been up about 3% on two bullish notes this morning. Wells Fargo hiked theirs to 250 from 180, citing strong user growth and effective cost cuts. Spotify recently laid off 200 workers in its podcast division.

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