Ek, 38, is the CEO of the streaming service and, according to Forbes, owns 9% of the business but also has 37% of ‘voting control’ – meaning he has a huge influence on decision-making. Who owns Spotify? Spotify is currently owned by Swedish billionaires Daniel Ek and Martin Lorentzon. Why did Jay-Z return to Spotify? To celebrate his 50th birthday, rap icon Jay-Z has brought his music discography back to the world’s biggest streaming platform, Spotify, leaving Tidal subscribers scratching their heads. Multiple compression can occur due to a decline in price or an improvement in business fundamentals. Is Spotify overrated? The company was clearly overvalued in February, but after a 40% drawdown, investors should consider whether Spotify is a buy at today’s price. Stash allows you to buy smaller parts of investments, called fractional shares, instead of having to pay full price for an entire share., you can buy Spotify stock in any dollar amount or any other fund or stock you know in Stash. Paul Vogel made $4,017,707 in total compensation as Chief Financial Officer of Spotify Technology in 2020. Jay Z owns rival music streaming service Tidal.Īlso, how much does the CFO of Spotify make? Based on that forecast and its current $160 per share price, Spotify trades at just 2.3 times its 2022 revenue.ĭoes Jay Z on Spotify? To celebrate his 50h, the artist better known as Jay Z returned his entire catalog of songs to Spotify, where he will certainly earn money with this gift to subscribers. Is similar Spotify a growth stock? Spotify grew its revenue by 23% in 2021, and analysts expected 20% growth in 2022. There are 15 executives at Spotify Technology SA earning the most, with Dawn Ostroff earning the highest at $7,484,030. As chairman, CEO, and co-founder of Spotify Technology SA, Daniel Ek’s total compensation at Spotify Technology SA is €336,462.
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