Spotify boss Daniel Ek says that he is buying $50 million of shares in the music streaming company that he founded. The announcement came at a time when tech companies are falling out of favor with Wall Street. Ek has sought to distance Spotify from comparisons with video streamer Netflix, which recently revealed that subscriber growth had plateaued.
Source: Daniel Ek to Buy $50 Million of Spotify Shares, Predicts Streaming Growth Ahead