celeb news HYBE (BTS's label) loses 1.7 billion in market value following hiatus annoncement

[Gwendolyn]

Shares of Hybe Co., the agency that manages the South Korean pop phenomenon BTS, plunged by a record after the band said its members will focus on individual projects for a while.

Hybe sank as much as 28% on Wednesday in Seoul, touching its lowest level on record since its trading debut in October 2020 and wiping out as much as $1.7 billion in market value. The stock pared the loss to finish 25% lower, after the agency said the group will “remain active as a team.” Shares are down nearly 60% this year, significantly underperforming the broader equity benchmark.

Edited June 15, 2022 by Gwendolyn

[KnightOfAllRealms]

 this means they're gonna scramble and make BTS reunite faster than planned 

[BTS]

It’s what they deserve for ruining them!

 

No wonder bts sold off their shares 

[WeFoundWill]

we live to see it.

 

the members dont have no solo power

[Gui Blackout]

#SaveTXT

[Mr. Blue_Shirt]

Everything's going the right wrong way!

 

[Taylena]

DROP

 

SOME

 

MONEY

 

DROPPING

 

ALL MY MONEY

 

 

 

[Gwendolyn]

TXT and ENHYPEN and other hybe groups about to serve budget I fear..

Edited June 15, 2022 by Gwendolyn

[TaylorNation]

41 minutes ago, KnightOfAllRealms said:

 this means they're gonna scramble and make BTS reunite faster than planned 

not if the Korean Army has their say (the actual military, not deranged people on twitter)

 

[Guest]

Karma for what they and source did to Gfriend 

[Obsession]

51 minutes ago, KnightOfAllRealms said:

 this means they're gonna scramble and make BTS reunite faster than planned 

I'm pretty sure this whole solo scheme was to keep momentum going while the members serve their time in the Korean Army

[sugarysunflower]

 

This is such an unstable Company in the first place - I'm sure investors are pi**ed, and it'll become dissolved or some activist will come in with some aggressive strategy. Their share price has been so volatile ever since they IPO'd.

[Soobin]

Get that budget Enhypen 

[xfreshkidxx]

54 minutes ago, WeFoundWill said:

we live to see it.

 

the members dont have no solo power

Keep believing that 

[TheCal]

1 hour ago, BTS said:

It’s what they deserve for ruining them!

 

No wonder bts sold off their shares 

wait they did? no way

[Mark!]

1 hour ago, WeFoundWill said:

we live to see it.

 

the members dont have no solo power

so true bestie. lemme stream that panned solo disney show

 

[sugarysunflower]

22 minutes ago, TheCal said:

wait they did? no way

December 2nd 2021

 

Three members of K-pop sensation BTS have sold shares in their management agency Hybe, realizing profits worth around 10 billion won ($8.49 million) in the last two months, according to the company’s announcement on DART, the Financial Supervisory Service’s electronic disclosure board, Thursday.

Jin, J-Hope and RM dumped a total of 9.95 billion won-worth of stocks during regular trading sessions, which were gifted from the agency ahead of its market debut on South Korea’s main board Kospi market in October last year.

Jin sold 16,000 common shares at 302,688 won on Oct. 19, while J-Hope offloaded 5,601 common shares at 332,063 won three days after. RM, the leader of group, cashed in the most amount of gains by dumping his shares seven times from Oct. 13 to Nov. 9. The member’s lowest and highest selling prices were 282,500 won and 381,750 won, respectively, during the trading sessions of Oct. 13 and Nov. 9.

Hybe founder and Chairman Bang Si-hyuk evenly distributed 478,695 common shares of the agency to the seven members a month before the company went public.

The gift was a token of the long-term partnership between the company and the artists, according to Hybe. By owning 68,385 common shares each, the members’ individual gifted stocks were valued at nearly 9.2 billion won at the time.

 

http://www.koreaherald.com/view.php?ud=20211202000540

[WeFoundWill]

29 minutes ago, Mark! said:

so true bestie. lemme stream that panned solo disney show

 

that "panned" show having a 8.2 imbd rating

 

[uusagii]

2 hours ago, BTS said:

It’s what they deserve for ruining them!

 

No wonder bts sold off their shares 

Holy ****, did they actually?
It really is OVER isn't it