For the eighth time in the last three months, Spotify's founder and CEO Daniel Ek has made a major sale of shares in the streaming company, reports Breakit, citing the American financial authority SEC as a source. The latest sale generated a profit of approximately 320 million kronor.
This means that Ek has sold shares in Spotify for a total of 2.3 billion kronor in a quarter.
The major sales began in November last year when Spotify released a quarterly report that exceeded expectations.