they don’t make money because they’re a tech company, they pull in VC funding, and then lose money year after year, they don’t need to make any money because the model is to get everyone on your platform, and then start making money. (which apparently spotify hasn’t figured out yet)
Comment on After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year
inset@lemmy.today 1 month agoI always wonder how the hell don’t make money, it must be some kind of “smart” accounting.
KillingTimeItself@lemmy.dbzer0.com 1 month ago
Grandwolf319@sh.itjust.works 1 month ago
Ahhh yes, future enshitification!
KillingTimeItself@lemmy.dbzer0.com 1 month ago
i’m still trying to figure out how they’re going to enshittify, because it’s already expensive as shit. And they still make no money, so.
Grandwolf319@sh.itjust.works 1 month ago
Higher prices, worse quality, intrusive recommendations, ad filled basic tier?
It all depends on how much people are willing to put up with.
kalleboo@lemmy.world 1 month ago
It’s because they are 100% reliant on the record labels, and the record labels know that. So the record labels can charge Spotify whatever they want, because what is Spotify going to do?
That’s why Spotify tried to hard to move into Podcasts and now Audio books, so that they are less reliant on the record labels.