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Documents: Spotify co-founders Daniel Ek and Martin Lorentzon sold 2.5M+ shares in 2024, netting ~$1B, the highest sales since 2019, and now own ~16% of Spotify (Benjamin Stupples/Bloomberg)
Shopify reports Q4 revenue up 31% YoY to $2.8B, above $2.73B est., GMV up 26% YoY to $94.5B, a $465M operating loss, and 2024 revenue up 26% YoY to $8.9B (Spencer Soper/Bloomberg)
Elon Musk’s $97.4B OpenAI offer could force OpenAI’s board to reassess how it is valuing the nonprofit, complicating Sam Altman’s plans even if he rejects it (Wall Street Journal)

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