Can't even seek through songs.
this post was submitted on 17 Oct 2023
1686 points (95.0% liked)
Technology
60084 readers
4914 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Spotify is not profitable nor ever has been. It accrued $4B in additional debt last year. The business is subject to high royalty fees. As a competitor, I just leave free Spotify running all day on mute since they lose money from every subscriber. The royalties are the same whether they make money or not on the customer. It is wise of them to more aggressively convert people to paid plans, but I’m sure that their margins are razor thin.
You individually are a competitor to Spotify?
I hum in the shower 😎👉👉
Spotify execs hate this one trick
Not sure why my comment was deleted, but no. I work for a corporate competitor or them. Spotify is a public company, so it is plain to see that they are not profitable and have never been.