Spotify's CEO makes a major sale – again

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Spotify's CEO makes a major sale – again
Photo: Terje Pedersen/NTB/TT

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.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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