Spotify Executives Cash Out Millions as Share Price Soars

Spotify CEO Daniel Ek and other executives have sold off a significant amount of their shares this year, raking in millions of dollars in profits. Ek, who hasn’t taken a salary since 2017, cashed out $118.9 million in shares following the group’s Q2 results. Other top executives, including CTO Gustav Söderström and CFO Alex Norstrom, have also sold millions of dollars worth of shares. The sales come as Spotify’s share price has surged more than 60% since the start of the year.

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