![]() ![]() The momentary rise, however, is a blip on the radar for Spotify, which has taken a beating this year - in part over its recent, weaker-than-expected growth forecasts (just like plenty of other streaming and software firms).Īs for the reasoning behind Ek’s purchase, the Spotify CEO wants you to know he believes. Spotify co-founder Daniel Ek said on Friday that he’s pouring $50 million into the music streaming service, driving its stock price up by more than 3% to a high of $108.98 per share during regular trading hours.
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