Last week, Daniel Ek bought $50m in Spotify stock. Today, Spotify’s share price sunk to an all-time low.

Spotify‘s share price on the New York Stock Exchange closed down 9.78% today (May 9), hitting an all-time low at USD $94.44. That share price was down by 61.3% versus the price that Spotify closed on the first trading day of 2022 ($244.16), and was close to a quarter of the size that Spotify hit at its peak ($364.59) in February last year.

Source: Last week, Daniel Ek bought $50m in Spotify stock. Today, Spotify’s share price sunk to an all-time low.

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