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Wall Street

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Live Nation faces class action lawsuit from investors

Live Nation Faces Class Action Investor Lawsuit Over Anti-Competitive Business Practices

Ashley King
August 9, 2023
Live Nation faces a class action investor lawsuit as several law firms investigate whether the live events giant lied to investors by failing to disclose anti-competitive business practices. In a class actio... Read More...
ShapesXR seed funding

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Ashley King
August 9, 2023
ShapesXR, a VR design and collaboration platform, has announced a $8.6 million seed funding round. The funding round was led by Supernode Global, with Triptyq VC, Boost VC, Hartmann Capital, and Geek Venture... Read More...
Triller direct listing

TikTok Rival Triller Plans a Direct Listing on the New York Stock Exchange

Ashley King
August 2, 2023
TikTok rival Triller plans a direct listing on the New York Stock Exchange amid compounded financial woes. Short-form video app and TikTok rival Triller plans to sell its common stock on the New York Stock E... Read More...
Spotify CEO Daniel Ek dumps shares

Spotify CEO Daniel Ek Dumps $100 Million in Spotify Shares

Ashley King
July 27, 2023
Spotify CEO Daniel Ek has dumped 675,000 Spotify shares worth around $100 million, according to SEC filings shared with DMN. What does Daniel Ek know that we don't? The Spotify CEO is now dumping a cool $100... Read More...
BMI sell itself

BMI Is Apparently Trying to Sell Itself Again — Any Takers?

Ashley King
July 25, 2023
BMI is in renewed talks to sell itself again after buyers balked at a multi-billion price tag in 2022. Broadcast Music Inc (BMI), the performance rights organization representing such well-known songwriters ... Read More...

Spotify Stock (NYSE: SPOT) Woes Continue — Shares Plummet by Over 14% Following Q2 Earnings Release

Dylan Smith
July 25, 2023
Spotify stock (NYSE: SPOT) plummeted by close to 15 percent today after the music streaming giant disclosed a widened second-quarter operating loss as well as a cautious third-quarter forecast. When trading ... Read More...
Sirius XM shares decline

Sirius XM Shares Suffer Worst Single-Day Decline After Skyrocketing Last Week

Ashley King
July 25, 2023
Sirius XM shares are in free fall after a short squeeze event sent SIRI stock skyrocketing last week. Here's the latest. The SIRI stock saw its biggest one-day percentage gain since March 2009 last week. Tha... Read More...
Spotify stock price increase

Spotify Stock (SPOT) Drops 5% Following Price Increase Announcement

Ashley King
July 24, 2023
Spotify (SPOT) shares dropped more than 5% on Monday after announcing plans to raise its premium subscription prices to follow competitors like Apple Music and YouTube Music. Spotify stock (SPOT) dropped mor... Read More...
Sirius XM stock raises

Sirius XM Stock Surges 42% in One Day, Triggers Multiple Trading Halts

Ashley King
July 20, 2023
Sirius XM stock (SIRI) surged more than 42% today on abnormally high volume. The stock was halted several times over the course of the day. The stock's average trading volume over the last 100 days has been ... Read More...
Spotify Health Care

Spotify CEO Branches Out Into Health Care—Raising $65M for Neko Health

Ashley King
July 13, 2023
Spotify CEO Daniel Ek's health start-up Neko Health has raised $65 million in a Series A funding round. The funding round was led by Lakestar, with participation from Atomico and General Catalyst. Daniel Ek ... Read More...
TikTok cash out

ByteDance Is Now Allowing US-Based TikTok Employees to Cash Out Shares Pre-IPO

Ashley King
July 13, 2023
TikTok owner ByteDance is allowing some US-based employees to cash out shares before an IPO. The report from Reuters says the move is "aimed at appeasing restless employees who have been waiting for an IPO t... Read More...

Apple Stock (NASDAQ: AAPL) Hits $3 Trillion Market Cap as Spotify Regulatory Showdown Heats Up

Dylan Smith
June 30, 2023
As it digs in amid a long-running regulatory showdown in the EU – while fending off lawmaker scrutiny in the U.S. – Apple (NASDAQ: AAPL) certainly isn’t short on capital or investor support. When trading ende... Read More...
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