Todd Spangler NY Digital EditorSpotify’s stock soared 12.6% Wednesday — closing at an all-time high price of $320.89 per share — as investors rallied around new features the audio-streaming platform introduced and new data signaling that its podcast push is paying off.The surge in the shares pushed Spotify’s market capitalization to $60.8 billion, with the stock more than doubling in value since the start of 2020.On Wednesday, Spotify unveiled its annual Wrapped personalized experience for listeners worldwide.
The 2020 iteration includes features designed to boost engagement including in-app quizzes; the ability to follow your top song’s journey through the year with Story of Your 2020; a new personalized playlists, including Your Top.
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