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.
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, […]
According to Music Business Worldwide, Universal has committed to sharing profits from the sale of Spotify stock. The exact quote is: “CONSISTENT WITH UMG’S APPROACH TO ARTIST COMPENSATION, ARTISTS WOULD SHARE IN THE PROCEEDS OF A [SPOTIFY] EQUITY SALE.” Sources close to Vivendi-owned UMG suggest it may have been corporately restricted from making a hypothetical […]
Andrew Orlowski asks why can’t Spotify find Ed Sheeran ? via @andreworlowski: Spotify wants to go public but can’t find Ed Sheeran (to pay him) — Artist Rights Watch
Spotify is rigging the shareholder voting rights in its soon to be public stock and also rigging songwriters rights to statutory damages in the Music Modernization Act. But they can’t stop shareholder derivative suits which may have them running for statutory damages at the end of the day.
Remember this one? Spotify was saving us all from piracy by giving the music for free in its ad supported tier. And if you had any doubts about that, just ask any Spotify employee, particularly circa 2011 or so. They’d tell you in no uncertain terms that not only did you just not get it, […]