4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 months agoSpotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.open.substack.comexternal-linkmessage-square229fedilinkarrow-up1621arrow-down167
arrow-up1554arrow-down1external-linkSpotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.open.substack.com4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 months agomessage-square229fedilink
minus-squareEnderMB@lemmy.worldlinkfedilinkEnglisharrow-up2·11 months agoBut that’s practically true of any large tech company. It’s been conventional wisdom in the tech industry for over a decade that tech is cheap, people aren’t.
minus-squareecho64@lemmy.worldlinkfedilinkEnglisharrow-up1·11 months agoYes. Spotify needs to figure out their burn rate for their salaries because taking more money away from artists isn’t the solution like op wants.
minus-squarecjsolx@lemmy.worldlinkfedilinkEnglisharrow-up2·11 months agoBut taking money away from employees is?
But that’s practically true of any large tech company. It’s been conventional wisdom in the tech industry for over a decade that tech is cheap, people aren’t.
Yes. Spotify needs to figure out their burn rate for their salaries because taking more money away from artists isn’t the solution like op wants.
But taking money away from employees is?