Loading...
Market
Story
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.
View original story
Similar markets
Spotify gains market share • 25%
Apple Music gains market share • 25%
Other services gain market share • 25%
No significant change • 25%
Increase by more than 2% • 25%
Increase by 0-2% • 25%
No change • 25%
Decrease • 25%
YouTube TV • 25%
Netflix • 25%
Hulu • 25%
Disney+ • 25%
YouTube TV • 25%
Hulu + Live TV • 25%
Sling TV • 25%
Other • 25%
Increase by more than 5% • 25%
Increase by 1-5% • 25%
No significant change • 25%
Decrease • 25%
Below 250 million • 25%
Between 250 million and 255 million • 25%
Between 255 million and 260 million • 25%
Above 260 million • 25%
Yes • 50%
No • 50%