Spotify founder Daniel Ek steps down from CEO role

The GuardianTuesday, September 30, 2025 at 2:37:43 PM
Spotify founder Daniel Ek steps down from CEO role
Spotify's founder, Daniel Ek, is stepping down as CEO after nearly two decades at the helm, transitioning to the role of executive chair. This change marks a significant leadership shift for the music streaming giant, as Ek will be succeeded by Gustav Söderström and Alex Norström, who will serve as co-CEOs. This move is important as it signals a new direction for Spotify, potentially impacting its future strategies and innovations in the competitive streaming market.
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Spotify Founder Daniel Ek Leaves CEO Role
NegativeFinancial Markets
Spotify's founder Daniel Ek is stepping down as CEO after nearly 20 years, a move that has caused the company's shares to drop significantly. This leadership change raises concerns about the future direction of the streaming giant, especially as it navigates a competitive market. Industry experts like Ashley Carman from Bloomberg are discussing the implications of this transition, highlighting the uncertainty it brings to Spotify's strategy and growth.
Spotify Founder Daniel Ek Leaves CEO Role
NegativeFinancial Markets
Spotify's founder Daniel Ek is stepping down as CEO after nearly 20 years, a move that has caused the company's shares to drop significantly. This leadership change raises concerns about the future direction of the streaming giant, especially as it navigates a competitive market. Industry experts like Ashley Carman from Bloomberg are discussing the implications of this transition, highlighting the uncertainty it brings to Spotify's strategy and growth.
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Spotify's founder Daniel Ek is stepping down as CEO after nearly 20 years, a move that has caused the company's shares to drop significantly. This leadership change raises concerns about the future direction of the streaming giant, especially as it navigates a competitive market. Industry experts like Ashley Carman from Bloomberg are discussing the implications of this transition, highlighting the uncertainty it brings to Spotify's strategy and growth.
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CFRA has upgraded its rating for Spotify's stock to 'Buy' following recent leadership changes within the company. This upgrade is significant as it reflects confidence in Spotify's strategic direction and potential for growth. Investors may see this as a positive signal, indicating that the company is poised for a successful future, especially in a competitive market.
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Wolfe Research has reaffirmed its Outperform rating on Spotify's stock, setting a price target of $790. This endorsement highlights the firm's confidence in Spotify's growth potential and market position, suggesting that investors may see significant returns. With the music streaming industry continuing to expand, this positive outlook could attract more investors to Spotify, reinforcing its status as a leader in the sector.
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PositiveFinancial Markets
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