Fairness Rocks News Who Really Owns Spotify?


Fairness Rocks News Who Really Owns Spotify?

Home Industry News Who Really Owns Spotify?

Author: Tim Ingham

Date: February 23, 2020

Original Source: Rolling Stone

Industry News

Who Really Owns Spotify?

Long-term investors in Spotify required nerves of steel in 2019. Last year saw Spotify’s public valuation on the New York Stock Exchange rise as high as $28.34 billion ($157.66 per share on August 8th) but sink as low as $19.65 billion ($112.52 per share, October 1st) during a tempestuous third quarter. That market cap recovered, at year end, to $27.57 billion ($149.55 per share, December 31st).

Read More: https://www.rollingstone.com/music/music-news/who-really-owns-spotify-955388/