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2024-04-12 00:45:05

Daniel Ek

Swedish billionaire entrepreneur and Spotify CEO.
Swedish billionaire entrepreneur and Spotify CEO.
Daniel Ek, born on February 21, 1983, is a Swedish entrepreneur known for co-founding Spotify. As of January 2024, his net worth was estimated at $3.6 billion.
1983-02-21
Birth of Daniel Ek
Daniel Ek, the co-founder of Spotify, was born on February 21, 1983, in Stockholm, Sweden. He is known for revolutionizing the music industry with the creation of the popular music streaming service.
2006-10-01
Spotify Launches as Fully-Licensed Service
Daniel Ek co-founded Spotify alongside Martin Lorentzon in 2006, launching the streaming platform as a fully-licensed service in October 2008 in Europe.
2006-12-07
μTorrent Acquisition by BitTorrent
Daniel Ek briefly served as the CEO of μTorrent before it was sold to BitTorrent on December 7, 2006. This acquisition had implications for Ek's career trajectory.
2008
Launch of Spotify
Despite initial skepticism from the music industry, Spotify was launched in 2008, offering a low-cost alternative to online music piracy and quickly gaining popularity among users and investors.
2010
Daniel Ek's Prediction for Spotify's Future
In 2010, Daniel Ek predicted that Spotify would become a company worth tens of billions, a foresight that proved to be accurate with Spotify's market cap reaching $59.66 billion in 2020.
2014-10
Public Dispute Between Daniel Ek and Taylor Swift
In October 2014, Taylor Swift removed her music from Spotify citing unfair compensation to artists, leading to a public spat between her and Daniel Ek regarding the value of music on streaming platforms.
2016
Open letter to Swedish government regarding Spotify's potential relocation
In 2016, Daniel Ek and Martin Lorentzon penned a letter to the Swedish government highlighting issues such as high taxes and restrictive policies that could lead to Spotify relocating from the country.
2017
Daniel Ek named most powerful person in the music industry
In 2017, Daniel Ek was recognized as the most influential figure in the music industry by Billboard, showcasing his significant impact and leadership within the sector.
2018-04
Spotify's Public Listing
In April 2018, Spotify went public on the New York Stock Exchange through a Direct Public Offering (DPO), marking a significant milestone in the company's journey.
2020-05
Daniel Ek's Focus on Growth Over Profit
In May 2020, Daniel Ek stated that Spotify will prioritize growth over profit for the next few years, despite not turning an annual profit since its inception.
2021-05
Daniel Ek's bid to purchase Arsenal Football Club
In May 2021, Daniel Ek expressed interest in buying Arsenal Football Club, making an offer of approximately £1.8 billion that was ultimately rejected by the club's owners.
2021-09
Pledge to Invest in European Technology
In September 2021, Daniel Ek pledged to invest 1 billion euros in European technology and co-founded the VC firm Prima Materia.
2022-05
Daniel Ek invests $50 million in Spotify
In May 2022, Daniel Ek invested an additional $50 million in Spotify, displaying his confidence in the streaming platform's future growth and success.
End of the Timeline
Daniel Ek

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Daniel Ek

Swedish billionaire entrepreneur and Spotify CEO.
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