Reported about 11 hours ago
Spotify founders Daniel Ek and Martin Lorentzon recently sold over 2.5 million shares of the company's stock, netting around $1 billion as they diversify their investments. Their moves mark the largest stock liquidation since 2019, coinciding with a 239% surge in Spotify's stock price over the past year. Both founders now hold a combined stake of approximately 16% in the company, significantly contributing to their $22 billion combined fortune.
Source: YAHOO