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Spotify was founded in 2006 in Stockholm, Sweden, [ 16] by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. [ 17][ 18] According to Ek, the company's title was initially misheard from a name shouted by Lorentzon. Later they conceived a portmanteau of "spot" and "identify".
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Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
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Spotify CEO Daniel Ek tweeted a link to the listing to Obama, saying "I heard you were interested in a role at Spotify. Have you seen this one?" [6] The following year, Barack and Michelle signed a multi-year podcast production partnership agreement with Spotify through their production company, Higher Ground Productions. [7]
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