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Spotify was founded in 2006 in Stockholm, Sweden, [16] by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. [17][18] According to Ek, the company's title was initially misheard from a name shouted by Lorentzon. Later they conceived a portmanteau of "spot" and "identify".
Daniel Ek. Daniel Georg Ek (Swedish pronunciation: [ˈdɑ̂ːnɪɛl ˈjěːɔrj ěːk]; born 21 February 1983) is a Swedish businessman and technologist. He is the co-founder and chief executive officer (CEO) of music streaming service Spotify. [2] As of May 2024, his net worth was estimated at $4.8 billion by Forbes.
Music streaming service. A music streaming service is a type of online streaming media service that focuses primarily on music, and sometimes other forms of digital audio content such as podcasts. These services are usually subscription-based services allowing users to stream digital copyright restricted songs on-demand from a centralized ...
Spotify (SPOT) posted a multi-record quarter on Tuesday after recently hiking the prices of its premium US subscription plans. The company also alluded to a more expensive streaming tier to come ...
When Spotify announced its largest-ever round of layoffs in December, CEO Daniel Ek hailed a new age of efficiency at the streaming giant. But four months on, it seems he and his executives weren ...
After launching in 2008, Spotify hit 1 million streamers in 2011 and passed 500 million users in April this year. The company is now valued at around $30 billion and Ek himself is worth about $2.8 ...
Entrepreneur. Known for. Co-founder of Tradedoubler and Spotify. Board member of. Spotify. Sven Hans Martin Lorentzon (pronounced [ˈmǎʈːɪn ˈlôːrɛnˌsɔn]; born 1 April 1969) is a Swedish entrepreneur and co-founder of Tradedoubler and Spotify. [1] From 2013 to 2018 he was on the board of Telia Company. Since April 2019, he has been an ...
Spotify stock rose 5.6% on Monday after the streaming giant announced another round of price hikes for its US subscription plans.Prices will rise between $1 and $3 beginning in July, the company ...
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