Big Name Hedge Funds Bail Out of Spotify’s Stock

The streaming music giant’s hedge fund shareholder exodus may not bode well for other unicorns.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Hedge funds are losing interest in Spotify Technology’s playlist.

A little more than 13 months after it went public, a number of high-profile hedge fund firms — or their venture capital arms — are bailing out from the Swedish streaming music company.

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