It blows my mind that a company can have 500M active users and still somehow lose money.
$200M of that loss went to Joe Rogan.
I tried to convince my son to try the spotify premium which is currently 3 months free trial. He said he does not need another service on top of YouTube premium and Apple Music even if it’s free. He’s not wrong. I’m not sure how a music only service can survive on its own- I often switch between videoclips, songs, podcasts with video or not, all on YouTube. Another app/service for just some of these things is not convenient.
Spotifys privacy practices are sketchy. I don’t care if they fail when the execs brag about being able to profile people based on their listening habits
> passes 500M active users
In which direction?
>>> In January, following similar moves by other tech industry giants, the streaming giant announced it was cutting around 600 jobs out of around 10,000.
I would have guessed a total headcount of 2K-3K. Anybody has an idea of the approximate headcount by department ? 10K full time employees seem a lot to me.