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Daniel Ek was "adamant" to fix things by starting up Neko Health. The 41-year-old tech billionaire is best known as the founder of streaming giant Spotify but launched the healthcare company in Sweden last year and is now hoping that he can set his sights on the UK market, with a London launch scheduled for this summer He told DealBook: "I was like adamant to fix it. I was merely exploring health care ideas.” Since its launch as body scanning facility in Stockholm, the facility has gone on to complete 3,000 procedures. When the company launched in 2023 after securing €60 million ($65.4 million...
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Daniel Ek thinks he is the "least powerful" person at Spotify. The 40-year-old businessman serves as CEO as the multi-national music streaming company but has now insisted that he makes the "least amount" of decisions During a Q+A session, he said: "I often hear the phrase ‘you should go directly to the CEO’… where a lot of people think that you’re magically going to be able to enact some kind of decision.And it is actually true that there are certain types of organization where the CEO would probably always make the decision. There is the Scandinavian leadership model, where you delegate deci...
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Spotify has denied a reported hack could make you rich. The streaming giant has shot back at the JP Morgan-backed theory that if subscribers listened to their own 30-second tracks on repeat all day they could make up to £1,200 per month, insisting that is not how the royalties scheme plays out. Daniel Ek, the company’s CEO, posted on X, the social media brand formerly known as Twitter: "If that were true, my own playlist would just be 'Daniel's 30-second Jam' on repeat! "But seriously, that's not quite how our royalty system works." The scheme was first reported by the Financial Times amid con...
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Spotify will cut six percent of its workforce to improve efficiency. Boss Daniel Ek - who takes "full accountability for the moves" that got the company in its present position - has insisted he was "too ambitious in investing ahead of our revenue growth". The music streaming giant has around 10,000 employees, meaning roughly 600 jobs are at risk. On the company's blog, Ek wrote: "While we have made great progress in improving speed in the last few years, we haven’t focused as much on improving efficiency. "We still spend far too much time syncing on slightly different strategies, which slows ...
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Kanye West’s Apple Music Essentials Playlist has been removed. Mail Online reported on Thursday (27.10.22) it had been axed, amid the 45-year-old rapper’s ongoing controversy over his anti-Semitic outbursts. It comes as some of the world’s biggest brands cut ties with Kanye, who has rebranded himself Ye. Daniel Ek, CEO at Spotify, told Reuters Kanye’s comments about Jews were “awful”, but said that because his music does not violate the music platform’s anti-hate policies it would be down to Ye’s label, Universal Music Group's Def Jam, to pull his catalogue. He added: “It’s really just his mus...
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Spotify is launching an audiobook platform. The streaming giant - which is currently the most used app in the world for listening to music and podcasts - is branching out to include audiobooks as part of its mammoth catalogue and expects to "win" the market once again when it goes into competition with the likes of Audible and Kobo. Spotify CEO Daniel Ek said: "We believe that audiobooks, in their many different forms, will be a massive opportunity. And just as we’ve done in podcasting, expect us to play to win." Spotify is currently home to around eight million creators and boasts over 180 mi...
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Spotify sees itself as a creator company. The popular streaming platform - which has recently come under fire amid accusations of spreading misinformation - is keen to help audio creators make a living, irrespective of their opinions. Daniel Ek - the CEO of Spotify - said: "We’re trying to balance creative expression with the safety of our users, and of course, this is a very complicated issue." Spotify ultimately aspires to reach 50 million creators worldwide. The company also intends to continue to invest in its various tools and resources. Ek said: "We want to be the best place for audio cr...
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Spotify is still trying to gauge the ramifications of 'The Joe Rogan Podcast' controversy. The streaming platform recently came under fire after two guests voiced views that contradicted the advice of the US Centers for Disease Control and Prevention. Spotify's chief executive Daniel Ek told investors: "Usually when we've had controversies in the past, those are measured in months, not days." A number of big-name stars - including Neil Young and Joni Mitchell - have already asked for their music to be removed from the platform in light of the controversy. However, Ek insisted that the company ...
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The White House has praised Spotify's decision to add advisory warnings to podcasts following a COVID-19 controversy. Press secretary Jen Psaki has welcomed the move as a "positive step", following the recent outrage over Joe Rogan's show. She said: "Our hope is [that] all major tech platforms and all major news sources for that matter be responsible and be vigilant to ensure that the American people have access to accurate information on something as significant as COVID." 'The Joe Rogan Podcast' recently came under fire after two guests voiced views that contradicted the advice of the US Cen...
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Spotify is set to introduce an advisory on podcasts that mention COVID-19 amid a major backlash. The streaming giant has been in the headlines for continuing to host podcasts accused of spreading misinformation about coronavirus. As a result, musicians including Neil Young, Joni Mitchell and E Street Band member Nils Lofgren, have boycotted Spotify and requested their music is removed from the platform. Now, Spotify CEO Daniel Ek has revealed some updates rolling out on the service "in the coming days", such as making the listener aware of any content that discusses the virus and sending them ...
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