Spotify CEO Steps Down Amid Controversy

Spotify's CEO Daniel Ek is stepping down amidst controversy over his $700 million investment in a defense tech company, Helsing, prompting artist boycotts and a stock dip. Ek will become executive chairman, while Gustav Söderström and Alex Norström will become co-CEOs. Spotify emphasizes its separation from Helsing, but the leadership shift aims to shield the company from fallout as Ek focuses on long-term strategy. Hosted on Acast. See acast.com/privacy for more information.