Spotify's stock is surging — and its CEO is cashing out
Tue, Apr 30, 2024 12:06 PM

Spotify's stock is surging — and its CEO is cashing out

A Flip by Riya Sharma
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Spotify CEO Daniel Ek.REUTERS/Lucas JacksonSpotify CEO Daniel Ek has sold $176.3 million worth of stock this year.The company's shares have leaped 60% year to date.Ek isn't the only tech luminary to cash out amid ballooning value. Daniel Ek, Spotify's cofounder and CEO, has sold $176.3 million worth of his stock in the streaming service this year as its shares continue to surge.

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