Investing Archives

Daniel Ek is stepping down as CEO of Spotify, the streaming company he cofounded in 2006, and moving to executive chairman. In his place, Spotify’s current presidents Alex Norström and Gustav Söderström will be elevated to co-CEOs. The transition will take place on January 1, 2026.

Why Spotify CEO Daniel Ek is stepping down after nearly two decades

Daniel Ek, the billionaire founder of the $150 music streamer, is exiting Spotify’s top role as he is increasingly backing moonshot tech companies

Crypto boom creates 69,000 new millionaires in the past 12 months

The number of ultra-wealthy crypto individuals is rising sharply, thanks in large part to the surge in Bitcoin, a new report from Henley & Partners has revealed.

WiFi start-up Morse Micro banks $88 million Series C

The capital will fuel Morse Micro’s international expansion, scale production and support its transition to IoT 2.0.

Elon Musk’s xAI could be valued at $200 billion after $10 billion funding round, report says

Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.

Nvidia will invest $5 billion in rival chipmaker Intel

Nvidia’s investment in its struggling rival comes less than a month after the U.S. government took a 10% stake in Intel.

Planned new international gates as part of the T2 and T3 terminal expansion. Image: Sydney Airport

30 million more passengers? Inside Sydney Airport’s 2045 super terminal project

Sydney Airport has released its draft Master Plan 2045, outlining the biggest redevelopment since the Olympics. The plan includes a new super terminal, expanded freight capacity, more than 30 million extra passengers a year, and a net zero pledge. Here are the key details.