Spotify CEO Daniel Ek expressed surprise at the operational challenges following the layoff of 1,500 employees. Concurrently, Ek hinted at upcoming price hikes as Spotify plans to diversify its subscription offerings to maximize user engagement. Amidst these developments, Ek and other Spotify executives have capitalized on the company's stock surge by selling over $250 million worth of shares this year.
Spotify's stock is surging — and its CEO is cashing out https://t.co/FvpVu6I9Bb
Spotify execs including Daniel Ek have sold more than $250 million in stock already this year. https://t.co/RhJToQK5Hf
Spotify co-founder Daniel Ek is pocketing gains from a stock rebound while increasingly building up his investments outside the company https://t.co/RvYRzMM5lv
$SPOT CEO Daniel Ek suggested more price increases are to come as the audio giant plans to offer various subscription plans to attract as many users as possible. https://t.co/24FdrLOldv
Spotify CEO Daniel Ek was surprised at the negative impact of laying off 1,500 Spotify employees. https://t.co/mfGSFbYTpj
Oh: Spotify, $SPOT, CEO surprised by how much laying off 1,500 employees negatively affected the streaming giant's operations:
Oh: Spotify, $SPOT, CEO surprised by how much laying off 1,5000 employees negatively affected the streaming giant's operations: https://t.co/CGOeDkf3GU