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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".
In total, at the close of last year, SEC documents show that exactly 65 percent of Spotify was owned by just six parties: the firm’s co-founders, Daniel Ek and Martin Lorentzon (30.6 percent of...
Current Ownership Structure. To understand Spotify’s ownership today, one must navigate the complex web of institutional and individual stakeholders. As of the latest available data, major institutional shareholders include investment management firms such as The Vanguard Group and BlackRock.
Today, Morgan Stanley owns approximately 7.5 million shares of Spotify, representing about 4% of outstanding shares. That stake is valued at around $2.3 billion.
Ek incorporated Spotify AB with Martin Lorentzon in Stockholm, Sweden in 2006. [10] [6] Lorentzon had previously worked at and co-founded TradeDoubler, which acquired Ek's previous company Advertigo. [11] In October 2008, the company launched its legal music streaming service Spotify.
The New York-headquartered investment bank owned 4.4% of Spotify shares, approximately 8.38 million shares, at the end of 2022, down from a 6.3% stake – about 12.0 million shares – at the end of 2021, according to SEC filings.
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.
Stockholm-born Daniel Ek is the cofounder and CEO of streaming music service Spotify. The company has more than 381 million users, 172 million of whom are paying subscribers.
Daniel Ek (born February 21, 1983, Stockholm, Sweden) is a Swedish entrepreneur who in 2006 cofounded Spotify, an Internet music-streaming service that provides listeners with legal, ad-supported access to millions of songs, rejecting traditional models of downloading and eliminating per-song costs. Ek grew up in Ragsved, near Stockholm, and ...
One key revelation from the filings: Tiger Global Private Investment Partners — an offshoot of U.S. hedge fund manager Tiger Global — dumped 11.5 million Spotify shares in 2019, taking its...