Spotify Stock Hits High Note After Best-Ever 'Wrapped'

Forbes Daily newsletter covers America's Greatest Innovators, FAA grounds flights to El Paso, and AI disrupts wealth management firms.

Published on Feb. 11, 2026

Got story updates? Submit your updates here. ›

Today's Forbes Daily newsletter highlights Spotify's stock surge following a record gain in monthly active users, attributed to its best-ever 'Spotify Wrapped'. The newsletter also covers the FAA grounding flights to and from El Paso International Airport, and the impact of an AI-powered tax planning tool on wealth management firms.

Why it matters

Spotify's strong performance and the FAA's actions in El Paso are significant business and travel news, while the AI tool's impact on wealth management firms reflects the ongoing disruption of white-collar service industries by new technologies.

The details

Spotify's stock surged 15% on Tuesday following a record gain in monthly active users, which the company attributed to its best-ever 'Spotify Wrapped'. Several analysts raised their price targets for the stock. Meanwhile, the Federal Aviation Administration grounded all flights to and from El Paso International Airport for the next 10 days, citing 'temporary flight restrictions' for 'Special Security Reasons'. The announcement of an AI-powered tax planning tool from Altruist also sent shares of wealth management firms like Charles Schwab, Raymond James Financial, and LPL Financial down between 5% and 10%, as the tool is expected to allow clients to 'create fully personalized tax strategies'.

  • Spotify reported its earnings on Tuesday.
  • The FAA grounded flights to and from El Paso International Airport for the next 10 days.
  • Altruist announced its AI-powered tax planning tool on Tuesday.

The players

Spotify

A Swedish streaming giant that saw a surge in its stock price following a record gain in monthly active users.

Federal Aviation Administration (FAA)

The U.S. government agency that grounded all flights to and from El Paso International Airport for the next 10 days.

Altruist

A company that announced an AI-powered tax planning tool, which sent shares of wealth management firms reeling.

Charles Schwab

A wealth management firm whose stock fell between 5% and 10% on the news of Altruist's AI tool.

Raymond James Financial

A wealth management firm whose stock fell between 5% and 10% on the news of Altruist's AI tool.

Got photos? Submit your photos here. ›

What they’re saying

“This bull market still has legs”

— Michael Arone, Chief investment strategist at $5.5 trillion bank State Street (Forbes)

The takeaway

Spotify's strong performance and the FAA's actions in El Paso highlight significant business and travel news, while the impact of Altruist's AI tool on wealth management firms reflects the ongoing disruption of white-collar service industries by new technologies.