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Spotify founder sells shares for four billion

» Published: 14 November 2024

Spotify founder sells shares for four billion
Photo: Janerik Henriksson/TT

One of the founders of Spotify, Martin Lorentzon, has sold shares in the music giant for 384 million dollars, equivalent to 4.2 billion kronor. This emerges from information submitted to the American financial supervisory authority SEC.

The sale took place on 13 November, the day after the latest quarterly report.

Since the turn of the year, the Spotify share has risen by 150 per cent.

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By TTThis article has been altered and translated by Sweden Herald

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