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Friday, March 13, 2020

RAPINO'S STOCK GAMBIT: NATION-BUILDING

The biz is buzzing over Michael Rapino's widely reported decision to buy $1m in Live Nation stock in the wake of the market's historic dive. It was an incredible look—not just killer PR but a strong vote of confidence in the company as the concert business faces enormous challenges. The market's 2,000-point recovery on 3/13, of course, meant Mr. Rapino made a little money, as LN rebounded by 18.37%. Well played, sir.

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