Spotify has lost $9bn in market cap value in less than three months

The likes of Sony (which sold a tranche of Spotify shares in April for around $750m) and Warner, which sold all of its shares for around $500m before the end of June, looked in danger of kicking themselves. That eventuality never came to be. A $200 share price was never reached. Since that late July peak, Spotify’s share price has tumbled dramatically – falling by circa 25%, amid a sore time for tech stocks in general.

Source: Spotify has lost $9bn in market cap value in less than three months

Post a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.