In late 2023, Spotify's CEO Daniel Ek sold 420,000 shares worth nearly $200 million, prompting rumors linking his decision to Liz Pelly's critical book, "Mood Machine." However, Ek's stock sales began months earlier, and the company's shares peaked post-publication. Pelly's book argues that Spotify's business model has harmed pop music and uncovers disturbing corporate behaviors, suggesting Spotify may lack a moral compass. Her portrayal of Ek contrasts significantly with the narrative of him being a champion for the music industry.
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