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Benzinga
Benzinga
Business
Adam Eckert

Spotify And Google? Why SPOT Shares Are Rising After Hours

Spotify Google Nasdaq Alphabet Inc NYSE Spotify Technology SA

Spotify Technology SA (NYSE:SPOT) shares are trading higher in Wednesday's after-hours session after Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) announced the launch of a pilot program designed to explore more billing options on third-party platforms.

"We’ll be partnering with developers to explore different implementations of user-choice billing, starting with Spotify. As one of the world’s largest subscription developers with a global footprint and integrations across a wide range of device form factors, they’re a natural first partner," said Sameer Samat, vice president of product management for Google.

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