Spotify co-founder and CEO Daniel Ek is on the right path as he dominates streaming services across music and podcasts. Ek likes to go after the impossible, no matter what adversity or challenges could arise. Founded in 2006 with Martin Lorentzon, as the company grows, the plan is to innovate and strategize to stay ahead. Although the focus is growth over profit, Spotify is seeing significant increases in their numbers, especially premium subscriptions. By the end of 2020, the company had over 155 million premium subscribers and in Q1 2020, Spotify made up 32% of the global music streaming subscriptions market share. The podcast business has been a great contribution to their revenue growth. The model of the podcast is changing and he has a large budget for exclusive shows for a reason. Ek plans to broaden and accelerate the streams of revenue within podcasts.
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"Now may the God of peace, who through the blood of the eternal covenant brought back from the dead our Lord Jesus, that great Shepherd of the sheep, equip you with everything good for doing his will, and may he work in us what is pleasing to him, through Jesus Christ, to whom be glory for ever and ever. Amen." - Hebrews 13:20-21