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submitted 11 months ago by Bloodyashes@lemm.ee to c/piracy@lemmy.dbzer0.com
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[-] BraveSirZaphod@kbin.social 15 points 11 months ago

Spotify is not profitable right now; their current revenue doesn't come anywhere close to covering their costs. The only reason they're able to survive is investors holding on to the belief that, some day, it'll be possible to actually make the numbers work.

[-] lemann@lemmy.one 11 points 11 months ago

The majority of their investors are record labels now, so there's also an incentive to prevent competing streamers from taking Spotify's position

this post was submitted on 07 Sep 2023
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