Daniel Ek In The News

Spotify is chasing annual profitability. SoundCloud’s already there.

Company's revenues projected to be up 9% YoY in 2023

Universal Music Group is worth more than $50 billion, as firm’s share price hits highest point in 2 years

Universal's market cap is currently around $12 billion higher than Spotify's

From Spotify’s 1,500+ layoffs and CFO exit to Enrique Iglesias’ nine-figure deal… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place

On Tuesday, Paul Vogel, CFO of Spotify, cashed $9.3m in shares – 24 hours after his company confirmed 1,500 layoffs. Tonight, Daniel Ek has announced Vogel is out.

News comes three days after Spotify announced worldwide layoffs affecting 17% of its workforce

Tom Connaughton exits role as Managing Director for the UK and Ireland at Spotify

Exec leaves music streaming platform after nearly six years

Spotify has laid off 2,300 employees this year. That’s a shock – but also kind of inevitable.

On: Promises made at Investor Days, Christmas Walks, and Daniel Ek's long-term aim for his shareholders

Spotify to axe over 1,500 jobs in latest round of layoffs

Spotify is slashing around 17% of its global workforce

Talking ‘garbage’: How can Spotify and co sort the dregs of the music business from the hidden treasures?

On Sir Lucian Grainge's bluntness, Believe's rebellion, and why a careful balance is required to find a true 'artist-centric' formula