Spotify CEO hands over the reins
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 30 September 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.7 | Good afternoon. Today is Tuesday, September 30th, and I'm your host, Kim Khan. Our top story so far. |
| 0:15.7 | Spotify CEO Daniel Eck is seating his leadership role in the company, transitioning to executive |
| 0:20.5 | chairman after nearly two decades at the helm. Eck has held the leadership role in the company, transitioning to executive chairman |
| 0:20.9 | after nearly two decades at the helm. Eck has held the top job since the company was founded |
| 0:25.2 | in April 2006 alongside Swedish entrepreneur Martin Lorenzen. The company has picked tech chief |
| 0:31.4 | Gustav Sutterstrom and business chief Alex Nordstrom as new co-CEOs reporting to Eck. The two will also serve on the company's board of directors after shareholder approval. |
| 0:41.3 | The streaming company said X role will more closely reflect a European chairman's setup, |
| 0:45.7 | where he will determine capital allocation, map the long-term future of Spotify, |
| 0:49.7 | and continue to provide support and guidance to the senior team. |
| 0:53.0 | Among active stocks, |
| 0:58.6 | Draft Kings and Fanjual owner Flutter Entertainment are slumping after prediction platform Cali set a new trading record on Saturday of over $260 million before topping that on Sunday |
| 1:04.6 | with a tally of over $275 million. The prior Calci trading platform record was $245 million on Election Day 2024. |
| 1:12.7 | There's no question that Kalshi is a football platform this time of year, as 98% of its |
| 1:17.1 | trading volume came on college and pro football games, despite the Ryder Cup taking place, |
| 1:21.6 | along with must-win baseball games, and plenty of political drama. |
| 1:25.1 | The Sunday night NFL football overtime game between the |
| 1:27.6 | Green Bay Packers and Dallas Cowboys became the top traded game of all time on Calci with $57.2 million |
| 1:33.2 | in trading volume. A rough estimate is that Calci is pulling away between 5% and 10% from the sports |
| 1:38.9 | betting sector. Of course, the platform has a big advantage in that it is legal in states like California |
| 1:43.7 | and Texas, |
| 1:44.5 | where sports betting has not been approved. |
... |
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