Last week, the Swedish internet audio streaming service gained a market value of $50 billion on the stock exchange.
The shares, sold under the name SPOT, were up 10% in value last Friday (25th June), adding around $4 billion in additional market value, as well as an estimated $2.6 billion in public value, giving the streaming service a $50 billion market valuation. The move follows Spotify’s announcement to pilot using video on the platform, after acquiring exclusive rights to Joe Rogan’s video podcast series.
Recall: Joe Rogan – (born August 11, 1967) is an American comedian, podcast host, and mixed martial arts color commentator. He has also worked as a television host and an actor.
In preparing the news, material DJMag was used.