Re:TV series about startup failures, portraying greedy found...
by bee_rider on Sunday May 07, 2023 @11:14AM
(#35852308)
I can see the rationale for investing in a company that isn’t profitable but could be, and has just opted to grow instead. Amazon, right? But I don’t see where Spotify’s “profit” switch is.
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Re:TV series about startup failures, portraying greedy found...
by capableweb on Sunday May 07, 2023 @11:46AM
(#35852633)
Exactly the same for Spotify, they haven't started squeezing yet which Amazon started doing a long time ago. Spotify reinvests a lot of money in itself still.
Re:TV series about startup failures, portraying greedy found...
by lotsofpulp on Sunday May 07, 2023 @12:11PM
(#35852916)
Who is Spotify expected to be able to squeeze?
Re:TV series about startup failures, portraying greedy found...
by prepend on Monday May 08, 2023 @06:38AM
(#35860079)
Amazon would briefly “come up for air” to demonstrate it could earn profit if it wanted. Spotify hasn’t done that and I don’t think they could earn a profit.
Also, Amazon didn’t go 17 years without profit. Is there any company that went that long and then went profitable?
I like Spotify, but do they even have a roadmap to profitability? Are they even projecting profitability any number of years out?