Look, Spotify is 16 years old. It grew to have 200M paying subscribers.
They were losing 39M euros last year and this year, they’re losing 270M euros. Net income: minus 430 million euros.
This is not even supposed to be possible.
If your company has 200 million people paying you every month and you can’t even turn a tiny profit, your business model is pure trash. Just trash.
Folks! Please buy music on Discogs or Bandcamp, and grab the rest on torrents™. Listen to podcasts for free on Obama’s internet like it’s 2004.