Spotify CEO’s $1 Billion Wealth Loss Adds to Pain Over Joe Rogan
Daniel Ek’s net worth has slid to $2.6 billion. The culprit is weak user growth and a tech stock rout rather than a PR nightmare over vaccine misinformation.
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The tech market meltdown is making a bad year for Spotify Technology SA’s Daniel Ek even worse.
The chief executive officer of the audio-streaming powerhouse is in the middle of a maelstrom over accusations that Spotify is helping spread vaccine misinformation via the world’s most popular podcast. Now, in the wake of a broader stock-market rout, Ek — who co-founded the company — is also contending with a $1 billion drop in his net worth so far in 2022.