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submitted 11 months ago by [email protected] to c/technology

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[–] [email protected] 1 points 11 months ago (3 children)

70% of Spotify profits is a 'tiny tiny amount'?

[–] [email protected] 8 points 11 months ago

Their last quarterly financial statements shows $65 million profit on $3.36 billion in revenue. So, yes.

[–] [email protected] 4 points 11 months ago

70% of profits would be miniscule, but the figure is not true so you can safely disregard everything they said.

[–] [email protected] 1 points 11 months ago

Say they have 1 billion in potential profits.

Wow heey look at all those CEOs, let's use 900.000.000 to raise their salaries, or use it to buy up some competitor!

Uh oh, nothing left for the artists... except some well known ones who'll get a sweet deal.