Stock Movers EchoStar Jumps; Spotify Leadership Change; Coty Strategy
Sep 30, 2025
EchoStar is in talks to sell its AWS-3 wireless spectrum to Verizon, valued at $9.8 billion. Spotify experiences a leadership shakeup as CEO Daniel Ek steps down, passing the reins to co-CEOs while remaining involved in key decisions. Coty begins a strategic review of its consumer beauty brands, focusing on restructuring its portfolio and emphasizing fragrances over mass-market cosmetics. Tune in for insights on these dynamic market movements!
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EchoStar Monetizes Spectrum
- EchoStar is monetizing valuable wireless spectrum amid bankruptcy and regulatory issues.
- Selling AWS-3 licenses to carriers like Verizon can unlock significant value for shareholders.
Spotify Leadership Restructures
- Spotify founder Daniel Ek will step to executive chair and appoint two co-CEOs starting January 1.
- The leadership change reflects a strategic shift while Ek remains involved in major decisions.
Coty Reworks Beauty Portfolio
- Coty is reviewing its mass-market cosmetics to refocus on stronger fragrance and premium businesses.
- The strategic review excludes the luxury beauty division and aims to reshape underperforming labels like CoverGirl.