Re:Spotify preps to go public with 60M subscribers
by Cthulhu_ on Tuesday August 01, 2017 @05:17AM
(#14898944)
Still heavily investing in acquiring music licenses and expanding their business I guess?
That's the modern time, businesses don't aim to make a profit anymore, they aim to grow. AMD is a good example of this practice, it usually ends each quarter with a half a billion in losses [1], with some exceptions here and there. It goes from an almost 4 billion loss to a 1.3 billion profit. It's amazing it still exists, but that's what investor money is for I guess.
That's the modern time, businesses don't aim to make a profit anymore, they aim to grow. AMD is a good example of this practice, it usually ends each quarter with a half a billion in losses [1], with some exceptions here and there. It goes from an almost 4 billion loss to a 1.3 billion profit. It's amazing it still exists, but that's what investor money is for I guess.
[1] https://ycharts.com/companies/AMD/net_income_ttm