Search results
Results From The WOW.Com Content Network
History. 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". [19] Early international launches.
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...
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.
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.
Morgan Stanley owns 9.2 million shares of Spotify, representing approximately 4.6% of total shares outstanding, according to Nasdaq as of Sept. 30, 2023.
📃 Who Owns Spotify? Spotify is owned by its shareholders. The largest ones are asset manager Baillie Gifford, which owns 14.5% of the company, co-founder Martin Lorentzon with 11.1% ownership share, Tencent (8.6%), co-founder Daniel Ek (7.5%), and T. Rowe Price (5.0%)
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.
The multi-billion music streaming company Spotify is primarily owned by its founders, Daniel Ek and Martin Lorentzon. As of 2021, Daniel Ek has 16.7% ownership of ordinary shares and 31.9% of the voting power.
Who Owns Spotify? The two co-founders of Spotify, Daniel Ek and Martin Lorentzon, still have the largest shares in the business, however, they are now joined in their ownership by the likes of Sony Music Entertainment, Tencent Music Entertainment, Baillie Gifford, and Morgan Stanley.
Currently, Spotify is owned by Swedish billionaires Daniel Ek and Martin Lorentzon. Ek, 38, is the streaming service’s CEO, and according to Forbes owns 9% of the business, but also has 37%...