Spotify is going to buy back up to $1bn of its shares, starting this month. The company pitched the move as one of strength…
Tag: shares
Posted inNews
Netflix shares soar as video services passes 200m subscribers
Netflix ended 2020 with 203.7 million paying subscribers, according to its latest financial results. The company added 8.5 million net paid members in the final quarter of the year, and 37 […]
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Tencent has bought $200m stakes in Warner Music Group
On Friday it emerged that Chinese tech giant Tencent had bought a chunk of shares in Warner Music Group… but confusion reigned over exactly how much it had invested. The Wall […]
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Coronavirus update: Music stocks, Madonna, Coachella and more
The novel Coronavirus (COVID-19) outbreak is a fast-evolving situation, illustrated by the fact that yesterday the entirety of Italy was placed on lockdown. There was also a succession of news stories […]
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Guvera shareholder offloads millions of shares but the service is getting a “large cash injection” soon
We can’t say that mUmBRELLA pops up on our RSS feed too often but it has a very intriguing story about Australian music service Guvera. It reports that a major […]
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Vevo expands its Dailymotion distribution deal
Amid all the recent speculation about Vevo switching distribution deals from YouTube to someone else.
Posted inData, News
Beatport revenues revealed in parent company SFX’s IPO filing
Stats: Beatport has more than 200k registered DJs and artists selling music, and attracted around 40m unique visitors in 2012.
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Tastemaker start-up opens to public at large
Tastemaker X, the music discovery and recommendation service where users get credit for discovering artists early on, has come out of private beta.
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New app boosts Songza, depresses Pandora
Streaming music service Songza has been making a bit of a splash with its updated app for iPhone and iPad:
Posted inData, News
Facebook share price fails to pop following IPO
Facebook closed its first day of trading at $38.37, and that reportedly after some of its biggest investors stepped in to prop up the price and stop it falling between the company’s original $38 offering price.
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Facebook share price fails to pop following IPO
With an opening price of $42 per share, Facebook was expected to make a splash on the NASDAQ stock exchange on Friday when trading began following its IPO, with analysts predicting a ‘pop’ to take the price into the upper $40s or even $50s in its first day.
Posted inData, News
Facebook IPO raises $16bn. Now, what will the shares do?
Facebook confirmed the pricing of shares for its Initial Public Offering (IPO) last night, selling 421.2m shares at $38 each, raising $16bn and valuing the company at $104.2bn.