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yes, but he probably caused the price to rise for his own benefit

If he had the power to raise the price on-demand, he'd do so all of the time since he owns stock and might even have performance bonuses tied to stock price. I highly doubt layoffs are execs sitting in a room scheming to make money but more likely they are trying to keep the company alive.

> If he had the power to raise the price on-demand, he'd do so all of the time

I can also light my couch on fire to warm the living room but that doesn't mean I should. Short term jumps are fairly predictable if you're calling the shots. Doesn't mean that you can do them indefinitely or without cost.

The rise in price is a signal that investors think this was a benefit to the company as a whole.

The rise in price really just means that people think they can cash out even higher. If it was already overvalued, it would still jump because people expect stocks to pump during layoffs.

We should stop acting like this reflects a large increase in the inherent value of Spotify, it's just another speculative market. Tech is particularly bad for this.

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