• ikt@aussie.zoneBanned from community
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    3 months ago

    Spotify is Swedish? Why is it listed next to American companies?

    • klu9@piefed.social
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      3 months ago

      “Yes, but…”

      • Listed on the New York Stock Exchange via a holding company in Luxembourg that issues American depositary receipts. (Who knows what percentage of its ‘shares’/ADRs are held by U.S. investors?)
      • Paid Joe Rogan US$100 million for his alt-right podcast.
      • Donated $150,000 to President Donald Trump’s 2025 inauguration ceremony, as well as hosted an inauguration-related brunch.