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Spotify Shares Soar on Record User Gain

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Spotify shares surged Tuesday, after the company added a record 38 million monthly users to its audio-streaming platform late last year.

The fourth-quarter additions took the company to 751 million monthly active users.

Spotify said more than 300 million users engaged with its year-end “Spotify Wrapped” campaign. The feature gives listeners a look back at their listening history for the year and is popular for sharing on social media.

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