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Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. According to Ek, the company's title was initially misheard from a name shouted by Lorentzon. Later they conceived a portmanteau of "spot" and "identify". Early international launches
Since 2012, Spotify has published a yearly list of its most-streamed artists, which has been topped by Drake and Puerto Rican rapper Bad Bunny a record three times, with Bad Bunny being the only artist to do so in consecutive years (2020–2022). Swift is the only female artist to have topped the list (2023).
Spotify's most-streamed song for the longest period of time was "Shape of You" (2017) by the English singer-songwriter Ed Sheeran. Currently, more than 640 songs have surpassed one billion streams on Spotify, 86 have surpassed two billion, and nine have surpassed three billion. "Blinding Lights" by the Weeknd is the only song that has surpassed ...
When Spotify announced its largest-ever round of layoffs in December, CEO Daniel Ek hailed a new age of efficiency at the streaming giant. But four months on, it seems he and his executives weren ...
Spotify has previously said it expects the metric to come in between 30% and 35% over the long term amid plans to further scale its podcasting and ads business. Revenue, meanwhile, totaled 3.64 ...
UPDATED: Spotify was hit with a cease-and-desist letter from the National Music Publishers Assn. over its use of lyrics in its recently launched video function and podcasts, and its remix feature ...
Spotify ( SPOT) stock rose as much as 4% in early trading on Monday after the streaming giant announced another round of price hikes for its US subscription plans. Prices will rise between $1 to ...
Entrepreneur. Known for. Co-founder of Tradedoubler and Spotify. Board member of. Spotify. Sven Hans Martin Lorentzon ( pronounced [ˈmǎʈːɪn ˈlôːrɛnˌsɔn]; born 1 April 1969) is a Swedish entrepreneur and co-founder of Tradedoubler and Spotify. [1] From 2013 to 2018 he was on the board of Telia Company. Since April 2019, he has been an ...
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