Spotify is a two-sided marketplace where artists and music fans engage. How Spotify was organized as of 2017, based on the various entities across the world (Source: Spotify F-1). Another key shareholder is Baillie Gifford & Co, a Scottish-based money management firm, followed by Morgan Stanley, T. Where Martin Lorentzon has 10.9% of ordinary shares and 42.9% of the voting power.
As of 2021, Daniel Ek has 16.7% ownership of ordinary shares and 31.9% of the voting power. The multi-billion music streaming company Spotify is primarily owned by its founders, Daniel Ek and Martin Lorentzon. Digital Business Models Podcast by FourWeekMBA.Business Strategy Book Bundle By FourWeekMBA.
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