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...The company has previously received financing from Spotify co-founder Daniel Ek’s investment company, Prima Materia, which backed Helsing in 2021 with €100mn at a valuation of just over €400mnHelsing’s 220...
...Ek on Tuesday admitted that the large job cuts had taken a toll, citing them as one reason for the company’s slower user growth....
...Spotify’s chief executive Daniel Ek last week told analysts, “I don’t think I’ve ever seen anything like it in technology”, regarding how fast AI technology was progressing....
...Spotify booked the largest quarterly profit in its 18-year history as chief executive Daniel Ek makes good on his promise of a “new phase” for the streaming group after more than a decade of freer spending...
...H2GS’s first equity fundraising included the Agnellis’ Exor, the Wallenbergs’ FAM, Italian steel company Marcegaglia, the Imas foundation that is part of the Ikea empire, and Swedish entrepreneurs Daniel Ek...
...Two days after that, Ek announced another bombshell: Vogel was among the employees who were exiting....
...Ek acknowledged that the size of the job cuts would be a surprise given the recent improvement in earnings....
...There are strong echoes of Ek’s 1992 Carmen in the steps and in the incessant chat of the chorus (mostly “¡Guapa!” plus a feeble snatch of the Toreador song)....
...Ek said the UK legislation needed to ensure that “if you want to be the referee you can’t also be the player” in the digital market....
...Spotify has been in a push towards profitability, raising prices and firing thousands of workers as chief executive Daniel Ek tries to convince Wall Street that the company he founded is a “great business...
...[MUSIC PLAYING] Spotify CEO promised a new phase for the streaming service, and based on yesterday’s earnings report, Daniel Ek is starting to make good on that promise....
...In a memo to staff on Monday, chief executive Daniel Ek said that Spotify would cut about 17 per cent of its global workforce. Spotify employs more than 9,000 people worldwide....
...Chief executive Daniel Ek’s vague talk of operating efficiencies is proving popular with investors. The share price is up 137 per cent in the year to date....
...Spotify’s recent price rise and a cost-cutting drive paid off as the streaming service swung to a profit in the third quarter, with results that chief executive Daniel Ek said “proved” that his company would...
...“We need to become more efficient by deprioritising some of the existing things, but we also need to invest in some of the new,” said Spotify chief executive Daniel Ek this month....
...Chief executive and co-founder Daniel Ek said the results proved that Spotify could become a “great business”....
...“Just as we’ve done in podcasting, expect us to play to win . . . with one major player dominating the space, we believe we will expand the market,” Ek said last year....
...Ek said that “the UK can be nimble right now and show leadership”, claiming that Spotify was being unfairly held back by digital platforms such as Apple....
...Chief executive Daniel Ek has said that the era of megadeals for podcast hosts is now over....
...In a memo to staff, sent earlier today, chief executive Daniel Ek said Spotify would cut about 17 per cent of its global workforce, or about 1,500 people....
...Publicly, Ek has not exactly endorsed UMG’s “artist-centric” model....
...Two European tech leaders — Niklas Zennström and Daniel Ek — both talk up Europe’s ability to push back harder against US tech dominance....
...The moves are part of efforts to drive more efficiency, control costs and accelerate decision making, chief executive Daniel Ek told staff....
...“We are enormously grateful for the pivotal role she has played and wish her much success,” Ek said....
...Ek recently said that “in hindsight, I was too ambitious in investing ahead of our revenue growth”....
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