Sometimes the big money executives at corporations are referred to pejoratively as “corporate royalty.” The nauseating Daniel Ek caused Spotify to grant him supervoting stock and he used it to make himself President for Life. Vlad will love it.
UPDATE: This post originally appeared on 9/24 in MusicTech.Solutions before reading that on 9/23 Wells Fargo initiated coverage of Spotify at “Underperform” with a $115 price target. (The stock touched $115 during the trading day on 9/24). As of this writing, the consensus price target is $159 according to NASDAQ’s Marketbeat. And of course, streaming’s […]
You may have seen the book reviews of “Spotify Untold” (or in Swedish ““Spotify Inifrån”). The book is currently only available in Swedish, but in a new marketing twist the authors are on a book tour in the US. Must be nice. The writers seemed to have missed the streaming gentrification part, which is of […]
Spotify just had its second “death cross” in less than 6 months where the the 50 day moving average crosses the 100 day moving average to the downside.
Chris Castle explains Spotify’s direct public offering (compared to a traditional IPO) and commentary on how the stock is performing (NOT investment advice).
Remember when we were all appalled that Pandora founder Tim Westergren was making $1,000,000 a month from selling Pandora stock while he was behind fighting songwriters in rate court for ASCAP and BMI royalties and stiffing artists with the Internet Radio Fairness Act and refusing to pay pre-72 artists? And then there was the 13 bathroom house in Marin. It was all a bit hard to stomach.
According to Jem Aswad in Variety, Daniel Ek is putting Westergren in the rear view mirror for sheer excess.
It’s still very early days for stock analysts to reach a consensus about Spotify except for one thing–royalties are too damn high. We have, of course, heard this one before–remember Pandora? When Tim Westergren was cashing out his stock to the tune of $1 million a month and the company was wasting money hand over […]
It’s still early days for the Spotify public offering (more correctly called a “DPO” for “direct public offering” but since no one knows what that means, I used IPO in the headline). But sure as a $50 handshake, interesting patterns may be developing in the basic trading elements of price and volume.
Is Spotify’s unusual “DPO” approach and bizarre $132 selling price simply a way for insiders to short the stock? See SPOT run! Run SPOT run! Here’s an interesting anecdote about that imminent Spotify stock offering. Remember, Spotify is rumored to price at $132 per share based on private market trades (on a split adjusted basis, […]
David Crosby was born the wrong year–and can’t be found by Spotify.