Spotify lays off 1500 employees as it struggles to turn profit this year

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  • Dec 4, 2023
    Marble

    Just 2023
    80.000 minutes played
    4100 individual tracks
    967 different artists

    If I had to pay the 70cents per song or 10-15 dollar for an album I would have paid thousands of dollars (or more likely I would have pirated tbh). Now I pay 120 dollars for a year (even less cus I share a family account).

    I would not mind paying double that if it meant fairer compensation for artists, for now I support my favourite artists in different ways buying merch physicals or concert tickets.

    If you paid double artist would get
    0.006 cents pr stream

  • Moltisanti

    Shouldn't you be keeping your eyes on the lookout for Kenard

    Ayt you got me Chris

  • Dec 4, 2023
    Theory Talk Trader

    I feel like you gotta be a little stupid to not turn a profit with the biggest musical streaming platform on earth

    Or maybe you're a bit clueless with how lucrative this stuff actually is

  • Dec 4, 2023
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    1 reply

    Not sure why it’s being insinuated that people should feel bad about using Spotify when the layoffs have absolutely nothing to do with the consumer lol

  • Dec 4, 2023
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    2 replies
    Moltisanti

    Another Apple Music W

    Apple Music truthers have been taking continuous Ws ever since the service was released in 2015

  • Dec 4, 2023
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    2 replies
    doot

    Apple Music truthers have been taking continuous Ws ever since the service was released in 2015

    Bro did you ever use the Beats Music app? That was my first streaming service ever, then I switched to AM after they merged Beats with it

  • Dec 4, 2023
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    2 replies

    Word to the Spotify stocks I bought couple years ago. Been on a free fall 😒😭

  • OP
    Dec 4, 2023
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    2 replies
    Jbreezyondeck

    Not sure why it’s being insinuated that people should feel bad about using Spotify when the layoffs have absolutely nothing to do with the consumer lol

    because Spotify wrapped is stupid and ill make fun of it whenever I can even if thats beside the point

  • Prez 💎
    Dec 4, 2023
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    1 reply

    weird, apple music just hired 1500 employees

  • Dec 4, 2023
    Theory Talk Trader

    I feel like you gotta be a little stupid to not turn a profit with the biggest musical streaming platform on earth

    The person that said you “have to make an album every year now” being stupid, what a twist in fate 😵

  • WRU

    because Spotify wrapped is stupid and ill make fun of it whenever I can even if thats beside the point

    I respect it

  • BRUCE SPRINGSTEEN

    Bro did you ever use the Beats Music app? That was my first streaming service ever, then I switched to AM after they merged Beats with it

    Fire app tbh

  • WRU

    because Spotify wrapped is stupid and ill make fun of it whenever I can even if thats beside the point

    Why is it stupid? Just curious

  • SinceKumbaya

    Word to the Spotify stocks I bought couple years ago. Been on a free fall 😒😭

    Do not invest in streaming services that s*** is so unsustainable and not at all “the future”. I really don’t think this s*** is gonna last. If it does it will always be hanging by thread. I promise you physical media will always be better than this trash. It’s a gimmick. It shouldn’t be taken seriously.

  • Dec 4, 2023
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    2 replies

    Youtube Music>

  • Dec 4, 2023
    Moltisanti

    Another Apple Music W

  • Dec 4, 2023
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    1 reply

    It's wild the hate people have for Spotify when is it not the only music streaming service with a free tier

    Yes the free tier is limited and ad filled but if you a brokie or a kid it's still clutch

  • Dec 4, 2023
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    1 reply
    doot

    Apple Music truthers have been taking continuous Ws ever since the service was released in 2015

    we just got to figure a way to make it seem cool to girls not to have Spotify

  • Dec 4, 2023
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    1 reply
    HURRYUPSONIC

    we just got to figure a way to make it seem cool to girls not to have Spotify

    Nahhh fr

  • Dec 4, 2023

    I got no allegiance to streamers but Spotify is definitely my fave to use imo

    And there no way Apple Music makes money rn so if you really want Spotify to fail all that's gonna mean is they will Raised prices to extortionate level once main competition gone.

  • Dec 4, 2023
    boobdylan

    30 a month to listen to unlimited amount of music of entire human history

    that sounds expensive to you? in current economy?

    In this current economy yes, that’s very expensive.

    Yall niggas dont realize how bad s*** is out here lmao

  • Dec 4, 2023

    Merry Christmas?

  • Dec 4, 2023
    dope

    Microsoft will probably end up buying them.

    Business 101: layoffs are good for a business. Doesn't mean they're going out of business

    Spotify is already profitable but you can thank AI in part for the layoffs

  • Dec 4, 2023

    Lot of ppl in here drunk the kool aid man.

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