Saudi Arabia Buys Large Stake In Live Nation
The Saudi Arabian government has purchased a sizable amount of Live Nation (LYV) stock as the entertainment giant continues recover from the pandemic-induced market meltdown it faced last month. Saudi Arabia’s Public Investment Fund bought $500 million in shares, giving the government roughly a 5.7 percent stake in the... Read more
StubHub Parent eBay Suffers Major Stock Hit After Poor Earnings Report
eBay stock (NASDAQ: EBAY) fell more than 10 percent in trading on Thursday, its worst performance in the market since an 11 percent drop in October of 2016, according to reporting by CNBC. The precipitous fall came in the wake of the company reporting sluggish growth and lowering its... Read more
Live Nation (LYV) CEO Michael Rapino Liquidating His Company Stock
According to paperwork filed with the Securities and Exchange Commission, Live Nation (NYSE: LYV) CEO Michael Rapino is liquidating large amounts of his stock in the entertainment giant. Beginning on November 15, the executive sold 70,000 shares of his common stock holdings on each of the following three days... Read more