Spotify founder sold shares for millions

» Updated: October 01 2024

» Published: June 09 2024

Spotify founder sold shares for millions
Photo: Janerik Henriksson/TT

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Martin Lorentzon, co-founder of Spotify, has sold shares for a multi-million amount in the streaming service, according to Svenska Dagbladet. The sale is equivalent to almost 863 million kronor.

As a result, Lorentzon joins other Spotify executives who have also sold shares this spring. In February, CEO and co-founder Daniel Ek, HR manager Katarina Berg, and product manager Gustav Söderström sold shares worth a total of 780 million kronor.

Spotify's stock price has risen significantly this year.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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