SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Spotify founder sells shares for four billion

» Published: Today, 08:34

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.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

The US stock market turned down again
1 MIN READ

The US stock market turned down again

Powell: No Rush to Cut Interest Rates
1 MIN READ

Powell: No Rush to Cut Interest Rates

Half a Billion in Northvolt Debts with the Enforcement Authority
1 MIN READ

Half a Billion in Northvolt Debts with the Enforcement Authority

Investigation: Travel to Arlanda should become cheaper
1 MIN READ

Investigation: Travel to Arlanda should become cheaper

Transport Stands Outside LO Coordination
1 MIN READ

Transport Stands Outside LO Coordination

Facebook's owner fined billions
1 MIN READ

Facebook's owner fined billions

Warning about nuclear power plans: Affecting generations
3 MIN READ

Warning about nuclear power plans: Affecting generations

Thedéen: The Krona's Fall May Cause Inflation Problems
3 MIN READ

Thedéen: The Krona's Fall May Cause Inflation Problems

Apotea to be listed on the stock exchange soon
1 MIN READ

Apotea to be listed on the stock exchange soon

Spotify makes new video investment
1 MIN READ

Spotify makes new video investment

The Central Bank does not want to raise the ceiling for mortgages
2 MIN READ

The Central Bank does not want to raise the ceiling for mortgages

Volvo Cars sells stake in Lynk for 8 billion
1 MIN READ

Volvo Cars sells stake in Lynk for 8 billion

So much money is drawn to Stockholm by Dreamhack
1 MIN READ

So much money is drawn to Stockholm by Dreamhack

Milk and butter are becoming increasingly expensive
1 MIN READ

Milk and butter are becoming increasingly expensive

The Office Chain Closes All Stores
1 MIN READ

The Office Chain Closes All Stores

Higher Housing Costs Drive Inflation
1 MIN READ

Higher Housing Costs Drive Inflation

The Stockholm Stock Exchange Cheered Up by Major Deals
1 MIN READ

The Stockholm Stock Exchange Cheered Up by Major Deals

This year's Christmas gift – "newly awakened interest"
2 MIN READ

This year's Christmas gift – "newly awakened interest"

Embracer sells mobile game company in billion deal
1 MIN READ

Embracer sells mobile game company in billion deal

Increased sales in daily goods trade in October
1 MIN READ

Increased sales in daily goods trade in October