SPOT - Spotify Co-founder Daniel Ek Cashes Out More Spotify Stock Shifts Focus to Tech and Climate Startups | Benzinga
Daniel Ek, the co-founder of Spotify Technology SA (NYSE:SPOT), has recently sold 650,000 company shares through two transactions, marking a significant increase in stock sales compared to previous years.
The series of sales, valued at about $179 million, represents Ek’s strategic financial planning despite still holding a 7% stake in Spotify, a significant component of his $4.4 billion net worth.
Spotify’s stock has risen significantly, increasing by 267% since late 2022, according to Bloomberg report.
Ek’s ...