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Spotify Shares Down 8% This Week, Have Fallen 20% Since CEO Change Announcement
Summary by Billboard
2 Articles
2 Articles
Since founder Daniel Ek left the CEO position at Spotify, the company's stock has plummeted 20 percent on the New York Stock Exchange. The equivalent of SEK 280 billion in market capitalization has gone up in smoke.
·Stockholm, Sweden
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Spotify Shares Down 8% This Week, Have Fallen 20% Since CEO Change Announcement
Spotify’s stock price has fallen more than $200 below its all-time high of $785.00 set on June 27 after falling 8.2% to $583.62 in the week ended Friday (Nov. 21). The Swedish streaming giant’s share price dropped more than 7% in the two days after it announced the purchase of WhoSampled, an online song samples database, to power a new song credits feature, SongDNA. Investors’ reaction to a relatively small acquisition appears to be part of a …
·United States
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Total News Sources2
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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