Spotify CEO's $345M Stock Sale

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Consequence

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How Many Streams Would an Artist Need to Earn as Much as Spotify CEO Daniel Ek? No One's Close

Summary

Nutrition label

73% Informative

Spotify CEO Daniel Ek has made $345 million in stock sales over the past 12 months .

An artist would need 115 billion stream equivalents in 12 months to make the same amount of money.

Spotify doesn't actually pay artists per-stream; they use a secret formula, and the royalties differ based on the deals that Spotify reaches with labels and artists.

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informal

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English

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