SFX Entertainment could be heading for bankruptcy according to one writer on stock market insights and analysis site Seeking Alpha.
The beleaguered EDM promoter’s share price continued its freefall on Thursday (August 19), tumbling 24% to $0.79.
The Seeking Alpha writer, who goes by the name of Alpha Exposure, believes the firm has cash flow problems and suggests that the popularity of EDM festivals has peaked. SFX's portfolio includes festival brands such as Tomorrowland and Mysteryland.
“If people ...
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