Spotify founder Daniel Ek steps down as CEO, sending shares lower
Spotify founder Daniel Ek steps down as CEO, sending shares lower
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Spotify founder Daniel Ek is stepping down as CEO to become executive chairman, with Gustav Söderström and Alex Norström taking over as co-CEOs. This change reflects the company's operational structure since 2023. Ek will focus on long-term growth opportunities, including expanding into new markets and leveraging technology like AI. Following the announcement, Spotify shares dropped over 3%.
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