|Day's range||9.80 - 10.00|
(Bloomberg) -- Spotify Technology SA’s $100 million Creator Equity Fund, designed to promote diversity in music and podcasts following controversial comments by the company’s star podcaster Joe Rogan, spent less than 10% of the money on that work as it rounded out its first year.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFed Caught Between Inflation and Bank CrisisA New Chapter of Capitalism Emerges From the Banking CrisisXi Aligns With Putin Against
Now is a great time to start building a portfolio of growth stocks to simply hold on to for the next decade. Three industry-leading companies that I think will continue their growth trends are Spotify (NYSE: SPOT), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Topgolf Callaway (NYSE: MODG). No company has been more critical in the recovery of the music business than Spotify.
For investors who plan ahead, stock market downturns are the time to pull out their stock shopping lists and take advantage of marked-down prices. There's no doubt in my mind that a wholesale market correction would push the stock price of Spotify (NYSE: SPOT) lower. Spotify is cash-flow-positive.