
"Spotify shares are falling 4.2% after the company announced that CEO Daniel Ek is transitioning his role to chairman, leaving day-to-day leadership in the hands of co-CEOs Gustaf Soldestrom and Alex Nordstrom. Ek will remain involved in key strategic decisions."
Spotify is undergoing a leadership transition with its founder stepping back to a chairman role. Despite his continued involvement, the market reacted with a 4.2% decline in share price, reflecting investor caution about the change in management.
Closing Bell: CoreWeave Climbs, Pfizer Gains, Spotify Falls on Leadership Change | Stock Movers
September 30, 2025
Sentiment Shift