It was started in Sweden where its operations are still based, but it’s headquartered in Luxembourg and it chose to IPO on the New York Stock Exchange.
Luxembourg screams “tax efficiency” to me, so their list of pre-IPO investors must be quite the thing.
This should theoretically at least be illegal, as they abuse the power of the platform to favor certain tracks unfairly.
Any action would require a government that pretends to care for the pedons.
Spotify is AFAIK Swedish, so there you go.
PS:
I guess you mean peons.
Pedons is apparently types of soil: https://www.britannica.com/science/pedon
It was started in Sweden where its operations are still based, but it’s headquartered in Luxembourg and it chose to IPO on the New York Stock Exchange.
Luxembourg screams “tax efficiency” to me, so their list of pre-IPO investors must be quite the thing.