Spotify’s new activist investor is keeping a close eye on podcast spending

The Spotify logo
Illustration by Kristen Radtke / The Verge

This is Hot Pod, The Verge’s newsletter about podcasting and the audio industry. Sign up here for more.

I hope you all had a great weekend. Today, we have the final lineup for Hot Pod Summit next week, including a new headliner. Plus, Spotify’s new activist investor and Rihanna’s post-Super Bowl streaming spike. Let’s get into it!

Activist investor takes stake in Spotify, and it is all for company cuts

There is even more pressure for Spotify to be lean now. Last week, it was reported that activist investor ValueAct had purchased a stake in the streamer. Mason Morfit, who leads the firm, disclosed the new position at a private conference at Columbia University and indicated that he was on board with the cuts Spotify has been making.


Continue reading…