2/16/2023 0 Comments Who owns spotify 2020Your data is updated approximately every. That optimism has been rewarded: Rapino paid an average of $38.98 for shares that traded at $95.13 on Thursday. View your most listened tracks, artists and genres and switch between 3 different time periods. Live Nation CEO Michael Rapino purchased $1 million of the company’s shares in March 2020 after investors fled many out-of-home entertainment stocks at the onset of the COVID-19 pandemic. It’s not unusual for CEOs to buy their company’s shares in a show of support. “While I’m not required to disclose these purchases because of our foreign company status,” Ek added, “I thought it was important for shareholders to know.” Spotify is listed on the New York Stock Exchange, headquartered in Sweden and incorporated in Luxembourg. Normally, a CEO discloses purchases and sales of the company’s stock through a Form 4 filing with the Securities and Exchange Commission. Through Thursday, Spotify is down 54.9% year to date and 72.7% below its all-time high, $387.44, reached on Feb. Spotify’s share price dropped 13.3% to $95.74 on April 28 after the company’s first-quarter earnings release showed slower-than-expected subscriber growth in the quarter and provided an underwhelming outlook for the second quarter. So I am putting that belief into action this week by investing $50M in $SPOT. I’ve always been vocal about my strong belief in Spotify and what we are building. A week after Spotify’s share price hit an all-time low, Spotify CEO Daniel Ek announced on Twitter Thursday (May 5) that he’s purchased $50 million of the company’s stock.
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