Industry reports from market research firms or company financial reports

Spotify Achieves Profitability for First Time as Stock Hits All-Time Highs; Executives Sell Nearly $14 Billion in 2024

Dec 22, 2024, 06:48 PM

Spotify has reached profitability for the first time since its Nasdaq debut in 2018, marking a significant milestone for the Swedish streaming giant. The company's stock is currently trading at all-time highs, a remarkable recovery just two years after hitting record lows. This surge in stock price has prompted Spotify executives to sell shares, with reports indicating that they have collectively sold nearly $14 billion worth of stock in 2024. The recent performance and actions of Spotify's leadership have raised concerns among some observers, who speculate about potential insider trading and the implications for government regulation.