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Spotify (; ) is a proprietary Swedish audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. It is one of the largest music streaming service providers, with over 456 million monthly active users, including 195 million paying subscribers, as of September 2022. Spotify is listed (through a Luxembourg City-domiciled holding company, Spotify Technology S.A.) on the New York Stock Exchange in the form of American depositary receipts. Spotify offers digital copyright restricted recorded music and podcasts, including more than 82 million songs, from record labels and media companies. As a freemium service, basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Users can search for music based on artist, album, or genre, and can create, edit, and share playlists. Spotify is available in most of Europe, as w ...
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Daniel Ek
Daniel Ek (born 21 February 1983) is a Swedish billionaire entrepreneur and technologist. He is the co-founder and CEO of music streaming service Spotify. Early life and education Ek grew up in the Rågsved district of Stockholm, Sweden. He graduated from high school in in Sundbyberg in 2002, and subsequently studied engineering at the KTH Royal Institute of Technology, before dropping out to focus on his IT career. Business career Early ventures Ek started making websites for clients from his home at age 13. He charged the first client $100 and the second $200. Eventually, he started charging $5,000 per website. To help expand the business, Ek recruited students from his class to work on the websites from the school computer lab by bribing them with video games. His earnings eventually reached $50,000 per month. By age 18, he was managing a team of 25. Ek's parents started to notice his earnings once he started bringing home large TVs.. Ek later served in a senior role at Nor ...
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