Season 2, Episode 6: Spotify’s Direct Listing

Acquired wraps up a big few weeks of coverage with not an IPO or
an M&A or a fundraising round, but what’s still the largest
tech exit in recent memory: Spotify’s $30B direct public listing.
We dive into what it all means and how we got here: from Napster
to iTunes to Facebook (and even some Justin Timberlake thrown in
for good measure). Acquired FM is on the scene and spinning all
the hits from this new wave music industry titan! 


Note: We incorrectly described Spotify CEO Daniel Ek’s ownership
stake in Spotify as 25%+; that is actually his voting control.
His economic ownership is 9.3%, and cofounder Martin Lorentzon’s
is 12.4%. We apologize for the error!



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Anthropic: https://bit.ly/acquiredclaude25






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Links:


 Internet History Podcast on the Napster Story with
Jordan Ritter

 Sean Parker’s email to Daniel Ek



Carve Outs:


Ben: Black Panther (and  soundtrack on Spotify!)

David: “Silicon Ballet” panel at San Francisco Ballet on
Saturday, April 28