82

29

News
Posted by EunhaYi 12 days ago

HYBE's stock rebounds amidst ADOR management rights controversy

AKP STAFF

On April 23 KST it was reported that HYBE was trading at 213,500 won, marking a slight decrease of 3,500 won (1.67%) from the previous day.

The stock price of HYBE experienced a significant 7.8% plunge on April 22 KST following revelations of an internal audit against its subsidiary, ADOR. Despite this, by April 23, it had closed at 210,000 won, down 1.2%, with market capitalization diminishing by KRW 853.8 billion over two days.

While internal strife has affected HYBE, the activities and comebacks of its artists continue unhindered, hinting at a swift stabilization process for the company.

SEE ALSO: Lee Chan Won wins #1 + Performances from May 4th 'Show! Music Core'!

  1. misc.
23 11,862 Share 74% Upvoted
 
SiyerX
SiyerX2,741 pts 12 days ago 7
12 days ago

Some Tokkies are acting Extremely Cringe as they are arrogant about this Slight stock drop & keep defending MHJ. Also started to accuse ILL-IT for plagiarism to support MHJ & Criticize Every HYBE fandom bcz they say 'Newjeans don't own that concept'

14 (+20 / -6)
Share

7 more replies

 
Lejan
Lejan3,156 pts 12 days ago 2
12 days ago

All the idiots who swore this would be HYBE's downfall need to understand that the real investors who matter are not a bunch of fans waving lightsticks around and sending protest trucks to the HYBE building. They're large, multi-billion dollar hedge funds, VCs, and large investment banks who aren't going to be easily swayed by a subsidiary CEO with a minority stake in her company throwing a temper tantrum because another group is doing well on the charts.

10 (+24 / -14)
Share

2 more replies

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
New Message

SEND