This week, it's all go as two of the products of the West and East coasts of the United States unite to make the markets a very interesting place once again.
The NASDAQ exchange, standing proudly over Times Square, its illuminations familiar to anyone who passes by midtown Manhattan, is performing very well this week largely due to the movements of stocks that form a major part of NASDAQ's ethos; that being technology stock.
Spotify, the Swedish music streaming company, has been one of the main contributors to the 2.2% rally of NASDAQ stock at the end of last week, as the company had found itself in many news reports about a controversy surrounding some podcasts by famous comedian and presenter Joe Rogan which had been available on Spotify.
Taking a political view is often a recipe for trouble in the corporate world, however given that Spotify's content is almost entire from the arts and music world, opinions can sometimes lead to direct action. Canadian rock star Neil Young, followed by India Arie and Graham Nash removed their music from the platform as part of a protest about recent content by Joe Rogan.
This left Spotify in the middle of the type of argument that often punctuates the world of musicians and artists, however it did very little to dent Spotify's performance. ..More info: blog FXOpen
