RUMOR MILL
Tuesday, May 1, 2018
SPOTIFY, APPLE
RIDING HIGH
Spotify stock is currently trading at nearly $165 per share, up 3.30+ from its opening. The closing price of $164.97 is a high for the week and the closest the stock has been to its peak price of $169 since opening.
These gains are taking place, it should be noted, in a down market.
Sony, Music Business Worldwide has just reported, has sold 50% of its Spotify stock, realizing an estimated $750m gain.
In other Wall Street action, Apple shares are up 4.2% to $169.10 in after-market trading after the tech giant reported a Q2 EPS of $2.73, beating analysts’ expectations by a big fat nickel. Apple’s quarterly revenue of $61.1b represents a 15.5% year-over-year jump.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
