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Reading: Spotify Rival Deezer’s Shares Fall in Trading Debut
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The Wall Street Publication > Blog > Tech > Spotify Rival Deezer’s Shares Fall in Trading Debut
Tech

Spotify Rival Deezer’s Shares Fall in Trading Debut

Editorial Board Published July 5, 2022
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Spotify Rival Deezer’s Shares Fall in Trading Debut
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PARIS—Shares in French music-streaming service Deezer fell in their first day of trading, a fresh sign of the difficult environment facing startups and loss-making companies.

The Paris-based competitor to music-streaming services including Spotify Technology SA saw its shares fall by more than a quarter on Tuesday, the company’s first day on Paris’s stock exchange. The tumble, down more than 30% at one point, came after the company struck a SPAC deal in April valuing it at roughly $1.1 billion.

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