1755
Spotify re-invented the radio
(lemmy.world)
Can't even seek through songs.
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this post was submitted on 17 Oct 2023
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Surely you have a better explanation for why Spotify isn't giving you the full service for free.
Your point?
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.
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 Iโm sure that their margins are razor thin.
You individually are a competitor to Spotify?
I hum in the shower ๐๐๐
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.