Spotify founder and CEO to step down

Spotify founder and CEO to step down

Daniel Ek on stage in 2024. Laure Andrillon/Reuters Spotify founder-CEO Daniel Ek will step down to become executive chairman in January, the Swedish streaming company said on Tuesday as it named long-time executives Gustav Soderstrom and Alex Norstrom as co-CEOs. The leadership change comes as Spotify expands into podcasts and audiobooks amid questions over how…

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Music fans should brace for another Spotify price hike

Music fans should brace for another Spotify price hike

Spotify will raise prices as it invests in new features and targets a billion users, the Financial Times reported on Sunday, citing the music streaming provider’s co-president and chief business officer, Alex Norstrom. The increases would be accompanied by planned new services and features, the FT cited Norstrom as saying in an interview. Earlier in…

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