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Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. 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". Early international launches
Spotify reeled in fewer new users overall than it expected in the first quarter of 2024, but the audio-streaming giant touted “record strength” in profitability. Total monthly active users ...
The Spotify CEO hasn’t taken a salary since 2017, according to company filings. He was probably one of the worst-paid major tech CEOs last year, as the boss held off on selling any shares in the ...
Blinding Lights" by the Weeknd is the most-streamed song on Spotify, with over 4 billion streams. The following lists contain the most-streamed songs and albums as well as charts records on the audio streaming platform Spotify. As of April 2024, "Blinding Lights" (2019) by Canadian singer the Weeknd is the most-streamed song to date.
When Spotify announced its largest-ever round of layoffs in December, CEO Daniel Ek hailed a new age of efficiency at the streaming giant. But four months on, it seems he and his executives weren ...
Spotify, a music streaming company, has attracted significant criticism since its 2006 launch, mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Spotify shares have surged about 80% over the past year and are up more than 15% year to date. The stock is still off about 40% from its record high of $364.59 a share in February 2021.
List of most-streamed artists on Spotify. American singer-songwriter Taylor Swift is the most-streamed artist in Spotify's history. Canadian rapper Drake is the most-streamed male artist in Spotify's history. South Korean boy band BTS is the most-streamed group in Spotify's history, as well as the most-followed group on the platform.