Comment on Spotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.

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deweydecibel@lemmy.world ⁨6⁩ ⁨months⁩ ago

Sometimes, I see some of the takes on here, and it’s hardly surprising that the fediverse isn’t particularly popular.

You genuinely think the reason the fediverse isn’t popular is because people have negative opinions of Spotify? As if these opinions wouldn’t also be prevalent on Reddit? As if having to see opinions you didn’t agree with was ever holding reddit back to begin with?

And yeah, Spotify made music streaming accessible, but the overall problem is they did what all tech companies at the time did: burned money to establish themselves hoping the profit would come later.

You’re praising them for killing iTunes, but maybe iTunes didn’t need to be killed. Maybe breaking markets with a type of streaming that wasn’t profitable and fucked over artists has given us a few years of good streaming, but the honeymoon is coming to an end, and we’ll all be worse off when the stockholders start demanding profit.

Same thing that happened with YouTube, basically. Company runs something at a loss for so long they’ve effectively broken the market and now that it’s time to make money, we’re all fucked over.

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