Spotify Shares Dip 4% After Founder Daniel Ek Exits As CEO

1. Spotify shares dropped over 4% after CEO Daniel Ek announced his transition. 2. Ek will become executive chairman, guiding long-term strategy moving forward. 3. Spotify achieved its first full-year profitability last year, aided by podcasts. 4. The company saw a nearly 98% surge in market cap over the past year. 5. Co-presidents Söderström and Norström will become co-CEOs in 2026.