Yeah don't use it if you don't want to, idc. But you might accept the thought that there are people that think the deal Spotify puts on the table is good.
Comment on Spotify re-invented the radio
cedarmesa@lemmy.world 1 year agoSpotify thanks you for defending our platform and more importantly the investment portfolios of our shareholders. Share this email for one free month of spotify premium.
Rayspekt@kbin.social 1 year ago
porkins@sh.itjust.works 1 year ago
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.
Anamnesis@lemmy.world 1 year ago
You individually are a competitor to Spotify?
RIPandTERROR@lemmy.blahaj.zone 1 year ago
I hum in the shower 😎👉👉
ezures@lemmy.wtf 1 year ago
Spotify execs hate this one trick
porkins@sh.itjust.works 1 year ago
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.
HKayn@dormi.zone 1 year ago
Surely you have a better explanation for why Spotify isn’t giving you the full service for free.
KmlSlmk64@lemmy.world 1 year ago
Graph showing quarterly Spotify free vs premium users and their gross profit from it. While there are 317m free users, they bring in 0.4bn USD profit, whereas 210m premium subscribers bring in 11.9bn USD profit
HKayn@dormi.zone 1 year ago
Your point?