Spotify CEO Daniel Ek Sells Over $176 Million in Shares as Stock Soars

Daniel Ek has offloaded a significant portion of his Spotify shares, aligning with a broader trend of tech executives capitalizing on rising stock values.

• Daniel Ek, Spotify's CEO, has sold shares worth approximately $176 million in 2024, as the company's stock price increased by over 60%.
• The sales are part of Ek's long-term financial strategy, even as he maintains a 7% stake in the company, valued at around $4.4 billion.
• Spotify's record profitability and strategic shifts, including layoffs and a focus on monetization, have contributed to the stock's surge.
• Ek's investment interests have expanded to include tech and climate startups, with plans to invest around $1 billion in European ventures.
• Other Spotify executives have also capitalized on the stock's performance, with C-suite members and the former CFO selling over $250 million in shares.

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