Vinyl, Me Please In Trouble

The Denver Post:

“It seems VMP has stopped shipping records entirely and they’re still charging for memberships that promise new releases,” he continued, echoing more than 100 complaints reviewed by The Denver Post across Reddit, social media, YouTube, and VMP’s Discord server. “There has been zero communication and no response from customer support for over a month now.”

Spotify Stock Drops on Latest Earnings Report

Bloomberg:

Spotify Technology SA shares tumbled on Tuesday after the streaming company gave a muted outlook for profit and subscriber growth in the current quarter. 

The Stockholm-based company forecast gross profit margins of 31.5% in the second quarter, missing analysts’ average estimate for 31.6% according to data compiled by Bloomberg. Spotify sees monthly active users rising to 689 million, less than the 694.4 million analysts expected.