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Spotify Discontinues Car Thing Device, Shifts Focus to New User Features - Spotify Technology (NYSE:SPOT) benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Daniel Ek, the co-founder of Spotify Technology SA (NYSE:SPOT), has recently sold 650,000 company shares through two transactions, marking a significant increase in stock sales compared to previous years. The series of sales, valued at about $179 million, represents Ek’s strategic financial planning despite still holding a 7% stake in Spotify, a significant component of his $4.4 billion net worth. Spotify’s stock has risen significantly, increasing by 267% since late 2022, according to Bloomberg ....
Keybanc analyst maintains Overweight rating for Spotify (SPOT) and raises price target from $300 to $350. Positive outlook for 2024-2026 revenue and profitability. Analyst notes potential for stock growth. ....