Amazon now lets you listen to music free on smartphones and TV, as well as online. Spotify investors are already nervous.

Clodagh Kilcoyne/ReutersAmazon CEO Jeff BezosAmazon announced on Monday that the company was expanding its Amazon Music offerings so that users can stream free music on their iPhones, iPads, Android devices and Amazon's Fire TV products, as well as online. The company published a blog post that said customers without a Prime membership or subscription to Amazon Music Unlimited could now access ad-supported music for free. Previously, this was only available to customers using Amazon Echo. Investors on Wall Street seemed to think the announcement spelled bad news for music-streaming market-leader Spotify. Spotify shares dropped 4.9% to $140.26 on Monday. View Business Insider's homepage for more stories.Amazon is expanding its free music streaming opportunities to its users without a Prime

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