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Ghostlinkz
@ghostlinkz.eth
Spotify has two types of ownership instruments: ordinary shares, which have economic value, and beneficiary certificates, which give voting rights but no economic value. Founders Daniel Ek and Martin Lorentzon continue to dominate ownership and voting power. Oridnary shares: - Ek: 15.65% - Lorentzon: 10.92% Beneficiary certificates: - Ek: 39.0% - Lorentzon: 61.0% Total voting rights are calculated by combining both ordinary shares and beneficiary certificates. Despite owning fewer ordinary shares, Lorentzon has greater voting power because he holds more beneficiary certificates than Ek. The final breakdown of voting rights: Lorentzon: 42.7% Ek: 30.5% https://www.musicbusinessworldwide.com/who-owns-spotify-in-2024
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Chukwuka Osakwe
@chukwukaosakwe
interesting that ek is the de facto face of the company.
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christopher
@christopher
met Martin a few years ago, great guy
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Ifeoluwani ↑
@ifeoluwani
Huh! I totally had no idea there was a co-founder behind the scenes with more influence than Daniel. Interesting tidbit.
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