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Spotify was established in Stockholm, Sweden, in 2006 by Daniel Ek and Martin Lorentzon. The platform was developed as a solution to the rising issue of music piracy in the early 2000s, providing a legal digital alternative that rewarded artists for their work. Since its public launch in 2008, it has grown to become the world's most popular audio streaming subscription service, offering millions of tracks and podcasts to users globally.
While the company remains deeply rooted in its Swedish heritage with its primary operational headquarters in Stockholm, it is a global entity with a corporate structure based in Luxembourg for legal and financial purposes. Spotify Technology S.A. is publicly traded on the New York Stock Exchange. The service is delivered via a complex infrastructure of global data centers and cloud computing services, making it a borderless digital product available in over 180 markets.
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