Spotify stock jumps, then wobbles as SeatGeek ticket tie-up meets Google’s new music AI
Spotify shares climbed as much as 5.2% Wednesday after SeatGeek announced it will sell primary tickets through Spotify’s concert discovery. The stock pared gains and turned volatile after Google unveiled a music-generation tool in its Gemini app, raising fresh concerns about AI’s impact on music platforms. Spotify traded up 3.3% at $477.88 by early afternoon. Traders await Fed minutes and signs the SeatGeek deal will boost revenue.