Does Spotify (SPOT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Apple is set to be handed an EU antitrust fine of about 500 million euros ($543 million) next week in a music streaming case triggered by a Spotify complaint, sources said. The European Commission last year charged the iPhone maker with preventing Spotify and other music streaming firms from informing users of options outside Apple's App Store. Apple declined to comment on Tuesday.
Reports suggest the EU is ready to fine Apple as much as 500 million euros over the issue.