2026-09-24 03:00 UTC
And Spotify was barely making a loss AND had a lot of revenue. They were just putting more capital into infrastructure, etc. instead of profits.
Replies (1)
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@Atomic@sh.itjust.works 2026-09-24 14:38
Excuse me? From 2017 to 2022. Spotify lost an average of ~430 million euro per year. And they weren’t profitable from 2008 to 2016 either… -0.43 billion per year is not “barely making a loss”. But investors saw potential and they kept funding.