The founder of the world's biggest music streaming service says he'll remain at the company as Executive Chairman, and will be replaced by two co-CEOs.
Spotify on Tuesday announced co-founder Daniel Ek will be stepping down as CEO and transitioning to executive chairman. Co-presidents Gustav Söderström and Alex Norström will take the helm next year as co-CEOs.
Shares of music streaming giant Spotify ($SPOT) declined by over 5% on Tuesday after revealing a major leadership change. Founder Daniel Ek will step down as CEO by ...
Spotify stock was trending lower on Tuesday, down about 5%. The catalyst was a major shakeup at the music streamer. The post Major Shakeup at Spotify Sends Stock Price Lower appeared first on ValueWalk.