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HYBE Stock Rocked by ADOR CEO Controversy, Spotify Shares Hit Highest Mark in Three Years

The NewJeans label CEO controversy has hurt HYBE stock while Spotify shares rise after a strong quarterly earnings report at the streaming service.

HYBE later reported Min, who owns an 18% stake in ADOR, to the police for “breach of trust and other allegations” and asked her to step down, it said in the April 25 statement. As the HSF board weighs its options amidst a strategic review and building strife with its investment advisor, Hipgnosis Song Management, a sale seems inevitable. Since that low point a year and a half ago, as Spotify has cut its workforce and focused on improving margins, its share price has risen 218%.

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