Spotify Shares Plummet 7.4% Amid Service Disruptions and CEO's Criticism of Apple
1min read On March 6, spotify technology (SPOT) witnessed a significant drop of 7.40%, reaching its lowest intraday price since January 2025. This decline coincided with user reports of service disruptions, as noted by the network monitoring site DownDetector. The issues highlighted by users have raised concerns about Spotify's technical resilience amidst growing competition in the streaming industry.
In a related development, Spotify's CEO, Daniel Ek, recently voiced strong criticism towards Apple's compliance with the European Union's Digital Markets Act (DMA). During an interview, Ek expressed that Apple's behavior, filled with "delays and obstructions," resembled a "farce." His remarks underscored the streaming giant's longstanding call for stricter regulatory oversight of major tech players.
Ek's outspoken remarks come at a time when the EU has signaled its dissatisfaction with Apple's initial adherence to the DMA, which is designed to curb the dominance of major technology companies. EU officials are evaluating potential punitive measures, which could include hefty fines. This scrutiny aligns with global regulatory trends, but differences in political stances, particularly from the U.S. administration, may complicate enforcement actions.
Spotify's continuous push for regulatory intervention against apple highlights its strategic interest in leveling the competitive landscape. This dynamic reflects broader tensions within the tech industry, where market leaders' practices are increasingly under the microscope. As regulatory bodies contemplate their next steps, the impact on Spotify and its market positioning remains a subject of keen interest among industry stakeholders.
