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Spotify climbs 6% as company announces expansion to 80 new markets, target of 1 billion customers – Business Insider

Spotify will be nearly double its presence in Asia, Africa, and the Caribbean, as part of a ‘sweeping expansion.’

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An Android smartphone with the Spotify Music logo visible on screen, alongside a pair of earphones.
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  • Shares of Spotify climbed 6% on Monday as the company announced plans to expand in 80 new markets, targeting one billion users worldwide.
  • It plans to add 36 languages to its platform. 
  • The Swedish company will nearly double its presence in certain regioans, including Asia, Africa, and the Caribbean. 
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