The moment Galaxy Corporation announced their press conference to talk about G-Dragon's future, YG Entertainment stocks have taken a hit.
On December 22, YG Entertainment's stock price concluded at 52,000 won (approximately 40 USD), marking a downward trend for the fourth straight trading day. This decrease, amounting to a 5.11% drop, has been largely attributed to recent news surrounding G-Dragon, influencing the stock's performance.
Over a span of four days, YG Entertainment's shares experienced a sharp decline, falling 2,800 won (approximately 2.16 USD) from 54,800 won (42.19 USD) to 52,000 won (40.03 USD), a 5.11% decrease. This decline wiped out approximately 83.5 billion won (around 64 million USD) from the company's market capitalization, which now stands at 963.9 Billion won (742.6 million USD).
This isn't the first time G-Dragon affected YG Entertainment stocks, as in June of this year, YG Entertainment lost $130 million in market cap value following news that G-Dragon didn't renew his contract.
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King impact, no doubt he made YG and he was still the #1 artist of YG, and they betrayed him. They deserve to fall.
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I also saw blonks saying the stocks drop are because of Jennie new agency looool when the stock market are close during weekends when Jennie announce her agency 😂 so there is absolutely no way she effect any of this week stocks or YG. Blinks always lie lol
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