"This may sound a little cliche, but I do think that we both make each other much better," Spotify is one of three large companies to name co-CEOs in rapid succession. The day before that announcement, Comcast said Mike Cavanagh would share the CEO title with Brian Roberts, the cable and media conglomerate's longtime leader. A week earlier, Oracle said Clay Magouyrk and Mike Sicilia would split the top role, replacing Safra Catz, once a co-CEO herself, at the tech giant. Despite the burst, the setup remai ...

Financial giants have made a conspicuous bearish move on Spotify Technology. Our analysis of options history for Spotify Technology (NYSE:SPOT) revealed 13 unusual trades.Delving into the details, we found 7% of traders were bullish, while 92% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $864,528, and 5 were calls, valued at $559,535.Expected Price MovementsBased on the trading activity, it appears that the significant investors are aiming for a price territory s ...

Presentation Operator Good morning, and welcome to Spotify's leadership update call. [Operator Instructions]. As a reminder, this conference call is being recorded. I would now like to turn the call over to Bryan Goldberg, Head of Investor Relations. Thank you. Please go ahead. Bryan GoldbergHead of Investor Relations Thanks, operator, and thanks, everyone, for joining us to discuss this morning's news. On the call today is Daniel Ek, Spotify's Founder, CEO and Chairman; Alex Norstrom, Co-President and ...

Presentation Operator Good morning, and welcome to Spotify's leadership update call. [Operator Instructions]. As a reminder, this conference call is being recorded. I would now like to turn the call over to Bryan Goldberg, Head of Investor Relations. Thank you. Please go ahead. Bryan GoldbergHead of Investor Relations Thanks, operator, and thanks, everyone, for joining us to discuss this morning's news. On the call today is Daniel Ek, Spotify's Founder, CEO and Chairman; Alex Norstrom, Co-President and C ...

The stock tells a story. It's down more than 5% on the news, but we get the context. After two decades, Daniel EK is passing on the torch and a founder.So that's obviously always going to be big news. And investors always have strong feelings about that. But the way they're portraying this is that kind of status quo. They're saying Alex and Gustaf have been doing this work essentially since they took over as co-presidents, and that Daniel is kind of the visionary and he's still going to be very hands on.Tha ...

Daniel Ek, who co-founded Spotify, will step away from the role of chief executive at the beginning of next year - Toru Yamanaka/AFP/Getty Images Spotify’s founder is stepping down as chief executive after two decades at the helm amid a growing backlash over his investments in the defence sector. Daniel Ek, who co-founded Spotify in 2006, will step away from running day-to-day operations at the Swedish streaming giant at the beginning of next year and take up the role of executive chairman. He will be r ...

Daniel Ek is stepping down as CEO of Spotify two decades after he upended the music industry with his now–$145 billion streaming juggernaut. Ek, who cofounded Spotify in 2006 in Stockholm, is not leaving the company, but rather stepping into the executive chairman role starting in January 2026 with a focus on big-picture moves and capital-allocation decisions. The company has elevated copresidents Alex Norström and Gustav Söderström to serve as co-CEOs. Norström was previously chief business officer over ...

Spotify stock may be struggling today, but has outperformed in 2025Shares of Spotify Technology SA (NYSE:SPOT) are 2.8% lower to trade at $707.60 this morning, after the music streaming company announced CEO Daniel Ek plans to resign, and will be replaced by co-CEOs Alex Norström and Gustav Söderström, effective Jan. 1. This morning Goldman Sachs downgraded the SPOT to "neutral" from "buy" and trimmed its price target to $765 from $770, the analyst in coverage noting much of the company's value is already p ...

Spotify's founder-CEO Daniel Ek will become executive chairman in January, the Swedish music streaming company said on Tuesday as it named longtime executives Gustav Soderstrom and Alex Norstrom as co... ...

Spotify (NYSE:SPOT) stock slipped on Tuesday after the company announced a management transition. The company named Gustav Söderström and Alex Norström as Co-CEOs, succeeding founder Daniel Ek, who will step down as CEO to become Executive Chairman effective January 1, 2026. Both will report to Ek and, pending shareholder approval, join the company’s board of directors. Also Read: Spotify’s Price Hikes Leverage Non-Music Content For Higher Profits The leadership change formalizes a structure Spotify ha ...