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Universal Music plunges 23.5% in the stock market despite Taylor Swift

Summary by El Pais
Universal Music shares plummeted 23.54% this Thursday due to the impact on analysts of the decline in live streaming revenues in the second quarter experienced by the world's largest music label. The drop in the price, which lost 26%, bordering on its highest historical daily loss, has eliminated about 14.75 billion dollars from the value of the record label. Continue reading

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El PaisEl Pais

Universal Music plunges 23.5% in the stock market despite Taylor Swift

Universal Music shares plummeted 23.54% this Thursday due to the impact on analysts of the decline in live streaming revenues in the second quarter experienced by the world's largest music label. The drop in the price, which lost 26%, bordering on its highest historical daily loss, has eliminated about 14.75 billion dollars from the value of the record label. Continue reading

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Taylor SwiftTaylor Swift
Stock MarketsStock Markets
Universal Music GroupUniversal Music Group
Madrid, SpainMadrid, Spain
Spain EconomySpain Economy

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