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"Lastly, looking at shares of Spotify, this company in focus, that's ticker SPOT. Shares falling uh for their lowest since May, down as much as 6.4%. And this is after they reported active users and sales in the third quarter that beat expectations, but we did see ad supported revenue that fell."
The speaker discusses Spotify (SPOT), noting that despite beating expectations on active users and sales in Q3, the stock is trading at its lowest since May with a 6.4% decline, influenced by a drop in ad-supported revenue.

"Spotify shares are falling 4.2% after the company announced that CEO Daniel Ek is transitioning his role to chairman, leaving day-to-day leadership in the hands of co-CEOs Gustaf Soldestrom and Alex Nordstrom. Ek will remain involved in key strategic decisions."
Spotify is undergoing a leadership transition with its founder stepping back to a chairman role. Despite his continued involvement, the market reacted with a 4.2% decline in share price, reflecting investor caution about the change in management.
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