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.

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