In the final week of 2023, the 20-stock music index gained 1.1% to 1,534.07.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
“Market conditions for micro-cap stocks, for stocks under $1 billion, are just decimated this year as a whole,” says LiveOne CEO Robert Ellin.
Spinoff of LiveOne falls nearly 50% one day after Von goes public with Kast Media allegations
The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
The streaming service must overcome numerous obstacles to complete its SPAC deal -- and even if it closes, it likely faces a tough road ahead.
The podcasting company has been valued at between $230 million and $274 million.
The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
Streaming company LiveOne was the Billboard Global Music Index's greatest gainer after rising 13.1%.
Cherri Bell says Chris "Kit" Gray's request that she ship “smoking paraphernalia from a marijuana dispensary including vape pens and vials” violated federal law.